Adam Smith believed that the key to creating rising standards of living was to limit population growth.Select one:TrueFalse

The statement is False.

Adam Smith, the classical economist, did not primarily advocate for limiting population growth as the key to rising standards of living. Instead, he believed that economic freedom and the division of labor would lead to increased productivity and, consequently, higher living standards. In his seminal work, "The Wealth of Nations," Smith emphasized the importance of free markets and competition in driving economic growth. While he acknowledged that population growth could impact resources, he did not argue that limiting population was a central tenet of improving living standards. His focus was more on capital accumulation and the efficiency of the market mechanisms.