Question

Adam smith describes a visit to a car factory when discussing economies of scale in his book an inquiry into the nature and causes of the wealth of nations.
a. true
b. false

Answer 1

The correct answer is b) false.

It is false that Adam Smith describes a visit to a car factory when discussing economies of scale in his book "An Inquiry Into the Nature and Causes of the Wealth of Nations."

The book was published in 1776 and cars were invented until the mid1880s.

"An Inquiry Into the Nature and Causes of the Wealth of Nations" is a book that refers to the way some nations built its wealth. Adam Smith was a Scottish economist that influenced future generations of economist because he referred to concepts such as markets, division of labor, and productivity.

Answer 2

I believe it would be true. But, it wouldn't hurt to double check after me though.