Adam Smith supported the view that the ________ of a nation greatly influenced its economic growth.
A) location
B) culture
C) geography
D) institutions

Question

Quizplus · Accepted Answer

Adam Smith believed that institutions, such as the legal system and property rights, played a crucial role in promoting economic growth. He argued that a well-functioning institutional framework would encourage entrepreneurs to invest in new ideas and technologies, leading to increased productivity and higher living standards. Therefore, choice D is the best answer.

Adam Smith Supported the View That the ________ of a Nation