According to Adam Smith, countries should specialize in the production
QUESTION
According to Adam Smith, countries should specialize in the production of goods for which they have an absolute advantage and then trade these for goods produced by other countries.
Indicate whether the statement is true or false.
ANSWER
TRUE
According to Adam Smith, countries should specialize in the production of goods for which they have an absolute advantage and then trade these for goods produced by other countries.
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