Adam Smith Attacked the Intellectual Basis of Mercantilism in 1776

question 111

True/False

Adam Smith attacked the intellectual basis of mercantilism in 1776.

---

Definitions:

Bulldozers

Heavy earthmoving equipment with a large metal blade in front for pushing material, such as soil, sand, snow, or rubble, during construction or conversion of land.

Nail Polish

A cosmetic product applied to fingernails or toenails to color, protect, or enhance their appearance.

Circular-Flow Diagram

An economic diagram that maps out the journey of money as it passes through markets, involving both households and businesses.

Household

An economic unit consisting of all the individuals who live together in one housing arrangement.