Introduction to Sociology Deneme Sınavı Sorusu #1320484

Which of the following is Adam Smith's criticism of the mercantilist doctrine?


The social stratification system consists of class, status and parties.

Commercial relations are more important than production.

A nation’s prosperity depends on the nation’s production power.

Monopolisation on economy must be ensured by the government.

The government must be the center of economic power


Yanıt Açıklaması:

Smith is the first critic of the mercantilist doctrine. One of the subjects he inquires is what a country’s prosperity depends on. According to the economics theory that he based on a criticism of Mercantilism, a nation’s prosperity depends on the nation’s production power, whereas Mercantilists think that a nation’s prosperity depends on the mines the nation has. 

The correct answer is C. 

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