Adam Smith's View of Modern Economies Is Described Best by Which

question 1

Multiple Choice

Adam Smith's view of modern economies is described best by which of the following?

• A) He argued that competition led to the creation of wealth.
• B) He condoned the exploitation of workers because low wages increase productivity.
• C) He believed the division of labour had no impact on productivity.
• D) He felt that the key to understanding the economy was studying bureaucracy.

---

Definitions:

Sparklines

Miniature charts embedded in single cells of a spreadsheet to visually represent and spot trends in data alongside textual information.

Vertical Axis Title

The label for the vertical axis in a chart or graph, indicating the scale or type of data displayed along that axis.

Column Chart

A graphical representation of data using vertical bars of different heights or lengths comparative to the values they represent.

Monthly Revenue

The total income generated by a business, organization, or individual from all sources before any deductions are made, calculated on a monthly basis.