According to Adam Smith,in Order for Two Countries to Voluntarily

question 17

True/False

According to Adam Smith,in order for two countries to voluntarily trade,both nations must gain.

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Definitions:

Law of Effect

A principle in psychology that behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are not.

Premise

A premise is a previous statement or proposition from which another is inferred or follows as a conclusion.

Self-efficacy Theory

A psychological theory asserting that an individual’s belief in their own ability to succeed influences their motivation and performance in various settings.

Confidence

A feeling of self-assurance arising from one's appreciation of their own abilities or qualities.