Ask your own question, for FREE!
History 50 Online
OpenStudy (16silly):

In his book The Wealth of Nations (1776), economist Adam Smith describes his free trade philosophy: “It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy…If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage." According to this quote, what measures should a government take to protect industry from foreign competition?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
DonaldTrumpofQC: Happy St. Patty's Day
6 hours ago 3 Replies 0 Medals
gelphielvr: (BIOLOGY 1) Carbon & Nitrogen (question in the replies)
13 hours ago 1 Reply 0 Medals
jmweeden: how do you draw realistically?
15 hours ago 0 Replies 0 Medals
jmweeden: if you guys had 1 million$ would you spend or save? why?
15 hours ago 0 Replies 0 Medals
jmweeden: how do you jump rope?
15 hours ago 6 Replies 0 Medals
Shrade3: Chemisty please, annoying
1 day ago 4 Replies 0 Medals
girlypop: how do I save money more?
16 hours ago 18 Replies 4 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!