The classical economist Adam Smith was a champion of _ .

Related MCQs

• According to Adam Smith, international trade is advantageous for all participating countries only if they enjoy _ difference in cost of production
• Macroeconomics as a separate branch came to be studied after the contributions of which economist?
• Which of the following is not an assumption of classical theory?
• In classical theory the equality between saving and investment is brought about by:
• The normal condition of a capitalist economy in classical theory is:
• In classical theory of employment, there is the possibility of:
• According to classical economists, variations in savings are due to:
• According to Classical economists, _ is the reason for a country to specialie in the production of a commodity