Question

In the Wealth of Nations (1776), Scottish economist Adam Smith asserted that the propensity to "truck, barter and exchange" was both the foundation of commerce and a given quality of human nature, driven by individual desire. Smith's view that self-interest dominated the business relations that emerged in early modern (sixteenth- and seventeenth-century) England has had tremendous effect on how such relations have been perceived. Today it is typically assumed, for instance, that the development of business relations weakened the spirit of cooperation that characterized village communities and encouraged a spirit of individualism and self-betterment that ran counter to community interests. However, such a view fails to account for the language that people in early modern England used to articulate their understanding of business relations, language that stressed credit, trust, obligation, and contracts, rather than self-interest. Throughout this period, most business transactions were conducted on credit, and the moral code of credit—of plain dealing and of the keeping of promises—dominated the way in which business relations were conceived. Individual profit and solvency were important, but neither could be achieved without the trust and direct cooperation of one's neighbors. As a result, buying and selling, far from breaking up communities, actually created numerous bonds that held villages together.The author of the passage refers to "truck, barter and exchange" in the highlighted text most likely in order to(A) lend authority to the argument that commerce is characterized by self-interest(B) identify activities that embody essential qualities of human relationships(C) indicate the terms Adam Smith used to define business relations(D) represent the everyday speech used in village communities in England(E) introduces key terms used in credit transactions in early England

Answer 1

The author of the passage refers to "truck, barter and exchange" in the highlighted text most likely in order to: D) represent the everyday speech used in village communities in England.

Step-by-step explanation:

The author of this passage refers to the mentioned cuote in order to stablishes that"the fundation of commerce" is stablished by buisness relations. But even though Smiths view determined that these relations were lead by a selfish interest, in England it wasn´t like that. " people in early modern England used to articulate their understanding of business relations, language that stressed credit, trust, obligation, and contracts, rather than self-interest."