The Wealth of Nations True or False
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1.
Which of the following best defines "mercantilism"? -> A country trying to export more than it imports
True
False
2.
How quickly does Smith think mercantilism will fall after the publication of
Wealth of Nations
? -> Within ten years
True
False
3.
If free trade is going to work, what must be able to move around as easily as capital? -> Animals
True
False
4.
What does every person possess as the "foundation of all other property" according to Smith? -> Their own labor
True
False
5.
When it comes to speculating on the stock market, how do most people behave in Smith's mind? -> Way too confidently
True
False
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