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Question 2 of 40 > When, in The Wealth of Nations, Adam Smith wrote of a sort of waggon-way through the air, he was referrin
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In the Wealth of Nations by Adam Smith, a sort of "waggon-way through the air" refers to paper money because Adam Smith was critical about the role of paper currency in banking and trade regime. Smith believed that paper currency is inferior to gold and silver currency as paper currency is extreme volatile in nature and not backed by any profound theory. Paper currency was like Icarus that is trying to fly too close to the sun.

Hence Option A i.e. Paper currency is the correct answer.

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