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    Business
  3. Study Set
    International Business Study Set 3
  4. Exam
    Exam 5: International Trade Theory
  5. Question
    Adam Smith Believed That ________
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Adam Smith Believed That ________

Question 2

Question 2

Multiple Choice

Adam Smith believed that ________.


A) governments should determine trade flows
B) market forces should determine trade flows
C) international trade should be restricted by tariffs and quotas
D) countries should produce most goods themselves and trade as little as possible

Correct Answer:

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