Asked by
Shawn Linio
on Oct 13, 2024Verified
Adam Smith noted in 1776 that
A) the wealth of nations comes from the money the nations have accumulated.
B) the wealth of nations comes from the gold the nations have accumulated.
C) the wealth of nations comes from the resources that produce the nation's goods and services.
D) the problem of scarcity had been lickeD.
Wealth Of Nations
A seminal work by Adam Smith published in 1776, which is considered the foundation of modern economic theory, focusing on the factors that promote prosperity and growth in nations.
Adam Smith
An 18th-century Scottish economist and philosopher known as the father of modern economics and author of "The Wealth of Nations."
- Acknowledge the role of external influences, including technological advancements, in changing production capacities.
Verified Answer
JL
Learning Objectives
- Acknowledge the role of external influences, including technological advancements, in changing production capacities.