Answer Happy

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