Comparative Advantage Theory Was First Put Forward by Who

question 211

Multiple Choice

Comparative advantage theory was first put forward by who?

• A)David Ricardo.
• B)Adam Smith.
• C)The World Bank.
• D)The WTO.

---

Definitions:

Internal Labor Markets

Employment markets within a company that prioritize the hiring and promotion of existing employees over external candidates.

Work Autonomy

The degree of freedom and independence an individual has in their job, especially regarding their tasks and how they complete them.

Specialized Knowledge

Expertise or skills focused on a particular area or discipline.

Secondary Labor Market

A segment of the labor market consisting of low-paying jobs with poor working conditions, minimal job security, and little potential for advancement, often contrasted with the primary labor market.