Even today, individuals distrust the outcome of free markets, as is evidenced by the protests against the construction of Walmarts across the nation

Adam Smith believed that the goal of economic activity is to amass wealth in the form of gold, and that this could best be accomplished through government carefully using tariffs and quotas to fashion favorable terms of trade with its trading partners

a. True b. False Indicate whether the statement is true or false

According to most economists, the development of markets is:

A. both a necessary and a sufficient condition for development. B. a sufficient condition for development but not a necessary condition. C. a necessary condition for development but not a sufficient condition. D. neither a necessary nor a sufficient condition for development.