The Wealth of Nations True or False
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1.
According to Adam Smith, who is the most productive member of British society? -> The farmer
True
False
2.
Which of these is not a factor in determining the wage of a job? -> The wretchedness of the job
True
False
3.
What word does Smith use to describe what people would call a government subsidy today? -> Bounty
True
False
4.
What's Smith's biggest problem with the people who used to own land because of their bloodline? -> They didn't improve the land
True
False
5.
What's the lowest level wages can get in a free market (according to Smith)? -> The level necessary for people to raise families
True
False
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