Civics

posted by .

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??

  • Civics -

    Three is correct.

  • Civics -

    THANKS! I also needed help on this one Ms. Sue! Thanks so much!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Government

    Why other countries (like Unites states, united nations) shold help victims in genocide of darfur?
  2. Business

    Has Adam Smith's Vision Proved True? In his book Wealth of Nations, Scottish economist Adam Smith argued that society's interests are best served by a private enterprise system in which individual entrepreneurs seek their own self-interest
  3. Physics

    A bunch of grapes is placed in a spring scale at a supermarket. The grapes oscillate up and down with a period of 0.41 s, and the spring in the scale has a force constant of 640 N/m. What is the mass of the grapes?
  4. 6th grade geo

    in which area would you find coal veins? in contrast to the southern uplands and the highlands, the central lowlands of Scotland which of the following is an accurate statement about the way that the welsh economy has changed in the
  5. Social Studies

    In The Wealth of Nations, Adam Smith mentions that very good grapes could be grown in Scotland. However, growing high quality grapes in Scotland would be about 30 times as expensive as purchasing grapes from foreign countries. Some …
  6. history SUE HELP MEEEE

    In The Wealth of Nations, Adam Smith mentions that very good grapes could be grown in Scotland. However, growing high quality grapes in Scotland would be about 30 times as expensive as purchasing grapes from foreign countries. Some …
  7. Social studies

    Countries with little industry are called: Industrialized nations Prehistoric nations developed nations developing nations I think its D (I think I know the answer put I just want to be 100% sure :)
  8. History

    Which best describes how nations used the theory of mercantilism to increase their wealth in the sixteenth century?
  9. Social Studies

    Why were many countries still dependent on outside help from other nations, such as the United States, following their independence in the 1800s?
  10. Social Studies

    Why were many countries still dependent on outside help from other nations, such as the United States, following their independence in the 1800s?

More Similar Questions