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Question
according to adam smith, why were mercantilist policies that limited trade unwise?
a. because countries could be most productive by focusing on making certain goods and importing other items
b. because consumers would be unhappy if they couldnt purchase imported items
c. because trading with other countries was the best way to build gold and silver reserves
d. because buying other countries goods was the best way to help the people in those countries
Adam Smith advocated for free - trade and the division of labor. He believed countries could maximize productivity by specializing in the production of certain goods and importing others, rather than being self - sufficient as mercantilism promoted.
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A. Because countries could be most productive by focusing on making certain goods and importing other items