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An adjustment resulting from a creditor charging too much for merchandise would be recorded in the:
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his work "The Wealth of Nations."
Specialization
The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.
Total Output
The total amount of goods or services produced by an economy or firm within a specific period.
Specialization
The practice of focusing production on a limited range of goods or services to gain efficiency.
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