Adam Smith

question 112

Multiple Choice

Adam Smith:

• A)was one of the first scholars to write about the principle of comparative advantage
• B)wrote in the 18th century about the benefits available from trade
• C)inspired David Ricardo
• D)all of the above are true

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Definitions:

Investment Account

An Investment Account is a financial account held by an investor with a brokerage firm, bank, or custodian that holds securities and other investments.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Dividends

Payments made by a corporation to its shareholder members, typically in the form of cash or additional shares.

Depreciation Expense

A method to allocate the cost of a tangible asset over its useful life.