The Earliest Statement of the Principle of Comparative Advantage Is

question 42

Multiple Choice

The earliest statement of the principle of comparative advantage is associated with

• A) David Hume.
• B) David Ricardo.
• C) Adam Smith.
• D) Eli Heckscher.
• E) Bertil Ohlin.

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Definitions:

Appropriate Strategy

A plan of action or policy designed to achieve a major or overall aim that is suitably matched to the context or circumstances at hand.

Critically Thinking

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

First Impressions

The initial perception or judgment one forms about another person or situation based on available information at first encounter.

Deeper Meaning

A level of understanding or interpretation that goes beyond the superficial, often revealing underlying significance or complexities.