Question 5 (1 point) What best describes the following statements? Statement 1: Smith believed that countries should tru

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Question 5 1 Point What Best Describes The Following Statements Statement 1 Smith Believed That Countries Should Tru 1 (35.26 KiB) Viewed 35 times

Question 5 (1 point) What best describes the following statements? Statement 1: Smith believed that countries should trust in comparative advantage a decision framework and only restrain trade in a few situations. Statement 2: Smith believed that the principle of comparative advantage could be witnessed when considering which goods a household chose to make at home compared to the goods that households chose to purchase. Only statement 1 is true Only statement 2 is true Both statements are true Neither statement is true