Friedrich List, in His National System of Political Economy, _____

question 34

Multiple Choice

Friedrich List, in his National System of Political Economy, _____.

• A) insisted that Adam Smith's laissez-faire ideas should be adopted in Germany
• B) declared that England should be Germany's model for economic development
• C) called for high tariff walls to protect the development of German industry
• D) denounced the historical school of economics

---

Definitions:

Inventory

The total amount of goods and materials on hand available for sale to customers in the course of business operations.

Consumer Goods

Items bought for personal use or consumption, including household products, food, and clothing.

Raw Materials

Basic materials obtained in their natural state that are processed to produce goods or provide services.

Code Classifications

Systems or methods for organizing laws, regulations, or standards into categories for easier reference and application.