Ricardo's Theory of Comparative Advantage Was of Limited Real-World Validity

question 153

Multiple Choice

Ricardo's theory of comparative advantage was of limited real-world validity because it was founded on the

• A) labor theory of value.
• B) capital theory of value.
• C) land theory of value.
• D) entrepreneur theory of value.

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Wheat

A cereal grain that is a major food staple worldwide, used for making flour, bread, and other products.

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