Tuesday
September 16, 2014

Homework Help: Civics

Posted by Anonymous on Tuesday, June 10, 2014 at 12:52pm.

In The Wealth of Nations, Adam Smith mentions that very good grapes could be grown in Scotland. However, growing high quality grapdes in Scotland would be about 30 times as expensive as purchasing grapes from foreign countries. Some nations are better than other at producing things due to the availablity of natural resouces and other factors. With which statement regarding single resource ad diversified economies would Adam Smith most likely agree?

-Nations should export as many different types of goods or services as possible.
-Nations should do their best to produce all goods locally, to minimize the risks associated with dependence on foreign goods.
-A nation should diversify when it can use its resources to produce goods and services more efficiently than other nations.
-Each nations should specialize in producing only the goods or services that it uses.

I those the third choice. I was also thinking about the first one.

Ms. Sue??

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

6th grade geo - in which area would you find coal veins? in contrast to the ...
English - I forgot to include these last statements. Thank you. 1) Macduff ...
Business - Has Adam Smith's Vision Proved True? In his book Wealth of Nations, ...
government - The Scottish economist, Adam Smith, wrote The Wealth of Nations in ...
English - I left out these other sentences. Thank you very much. 1) After the ...
English - I still have some doubts about a summary I made of Macbeth's plot. I ...
English - I left out the following sentences. Thank you very much in advance. 1...
Business - Can you help me with this question. In his book Wealth of Nations, ...
English - I tried to summarize briefly Scotland's history. Can you please have a...
English - I forgot to include the following sentences. Thank you very much for ...

Search
Members