According to Adam Smith, What Is the Primary Source of a Nation's

question 269

Multiple Choice

According to Adam Smith, what is the primary source of a nation's wealth?

• A) The amount of gold and silver in the government's possession.
• B) A spirit of cooperation in which people share according to their means.
• C) Strong central planning authorities.
• D) The people's ability to produce products and trade in free markets.

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Definitions:

Procedural Injustice

The perception that the processes leading to outcomes are unfair.

Taxation

The process by which a government imposes charges on citizens or residents to generate revenue for public expenses and services.

Representation

The act of speaking or acting on behalf of someone or the depiction of someone or something in a particular manner.

Procedural Justice

The fairness in the processes that resolve disputes and allocate resources.