Adam Smith's Beliefs on National Prosperity Could Be Best Summarized

question 57

Multiple Choice

Adam Smith's beliefs on national prosperity could be best summarized by which of the following statements?

• A) The protectionist role of the government through tariffs is essential.
• B) Relying on people as a strategic asset is a more productive use of human capital.
• C) National prosperity is solely based on natural resources.
• D) Autocratic governments with large landowners are ideal.

---

Definitions:

Transformational Leadership

A leadership approach that involves collaborating with teams to pinpoint necessary changes, developing a vision to steer the change through motivation, and implementing the change alongside dedicated group members.

Authentic Leadership

A leadership style in which leaders are genuine, transparent, and ethical, and lead with their true self.

Ethical Leaders

Individuals who lead by example, demonstrating ethical behavior in their decision making and interactions, fostering trust and integrity within their teams or organizations.

GLOBE Model

A framework in organizational behavior that describes, understands, and predicts the impact of cultural variables on leadership and organizational processes across different nations.