The Principle of Comparative Advantage Was First Formulated in the 18th

question 4

Multiple Choice

The principle of comparative advantage was first formulated in the 18th century by

• A)David Hume.
• B)Thomas Malthus.
• C)Karl Marx.
• D)David Ricardo.
• E)Adam Smith.

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Definitions:

Team Performance

The effectiveness and efficiency of a team in accomplishing its goals, measured by the quality and quantity of its outputs.

Empowers

The act of giving someone the authority or power to do something, thereby increasing their confidence and ability to make decisions.

Trait Theory

A theory of leadership that suggests leaders possess certain inherent qualities or characteristics that make them effective.

Theoretical Leaders

Individuals who lead with a strong emphasis on ideas, theories, and conceptual thinking, often inspiring innovation and intellectual growth.