question 3\nwhat adam smith gave as important/improved concepts:\n○ division of labor\n○ balance of trade…

question 3\nwhat adam smith gave as important/improved concepts:\n○ division of labor\n○ balance of trade (w/ his friend david hume)\n○ credit\n○ laissez - faire\n○ all of the above

question 3\nwhat adam smith gave as important/improved concepts:\n○ division of labor\n○ balance of trade (w/ his friend david hume)\n○ credit\n○ laissez - faire\n○ all of the above

Answer

Brief Explanations:

Adam Smith is known for advocating the division of labor in "The Wealth of Nations" which boosts productivity. He also supported laissez - faire economics, reducing government intervention in the economy. While the balance of trade was a topic of discussion among economists of his time and credit is an important economic concept, his most well - known contributions are the division of labor and laissez - faire.

Answer:

A. Division of Labor, D. Laissez - Faire