In 1776,Adam Smith Observed What Fact About the Western Hemisphere

question 7

Multiple Choice

In 1776,Adam Smith observed what fact about the Western Hemisphere?

• A) There was not enough land.
• B) There were not enough slaves.
• C) There were too many contagious diseases transmitted back to Europe.
• D) Colonies had done more harm than good for western Europe.
• E) Indians had suffered great misfortunes.

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Definitions:

Payment

The transfer of money, goods, or services in exchange for goods, services, or both, as part of a transaction.

Conditional Sales Agreement

A sales contract in which the buyer takes possession of the item immediately but does not gain ownership until the full price is paid.

Equity Of Redemption

The equitable right of a mortgagor to acquire the title to the mortgaged property by payment of the debt secured by the mortgage.

Arrears

A state of being behind in fulfilling obligations, such as payments on a loan, rent, or utilities.