Quiz on Lesson ” The Wealth Of Nations Summary (Adam Smith) “

What is the main message of “The Wealth of Nations” by Adam Smith?

A) The importance of a strong government

B) The power of religion in society

C) The key to a nation's wealth is productivity through the division of labor and proper use of machinery

According to Adam Smith, how is productivity increased?

A) By decreasing the use of machinery

B) By having everyone do everything themselves

C) Through the division of labor and proper use of machinery

What are the three components that make up the real price of everything?

A) Rent, capital, and machinery

B) Wages, profits, and investment

C) Wages, profits, and rent

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