None of the transition economies avoided the transition recession

Investment spending includes spending on:

A. stocks and bonds. B. new capital goods. C. services. D. consumer durable goods.

Recall the Application about the role of megacities in economic growth to answer the following question(s).According to the Application, who recognized that specialization of labor can generate higher productivity?

A. Adam Smith B. Karl Marx C. David Ricardo D. John Maynard Keynes