In his book The Wealth of Nations, Adam Smith supported the mercantili

QUESTION

In his book The Wealth of Nations, Adam Smith supported the mercantilist assumption that trade is a zero-sum game.

Indicate whether the statement is true or false.

ANSWER

FALSE
In his 1776 landmark book The Wealth of Nations, Adam Smith attacked the mercantilist assumption that trade is a zero-sum game, with the argument that countries differ in their ability to produce goods efficiently.