Is it sensible to say that Adam Smith's central idea -- that economic power comes from lots of people participating in the marketplace of a stable, law-abiding, urbanized society linked by roads and canals -- had greater relevance to the economic development of the North than to the South, where markets, and cities, and infrastructure, remained comparatively underdeveloped?

a
No, because Adam Smith was mainly interested in Scottish independence from a brutal English occupation.

b
No, because Adam Smith was mainly concerned with preserving the privileges of aristocrats.

c
Yes because Smith's main focus was on preserving the rights of the individual firm in the marketplace, and regarded government intrusion in the marketplace as inevitably leading to intrusions on the rights of individuals.

d
No, because Adam Smith didn't think through the consequences of his theories in light of changes in energy production (i. e., the change from old-style solar power to fossil-fuel power).

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.