The Principle of Comparative Advantage Was Developed in Adam Smith's

question 120

True/False

The principle of comparative advantage was developed in Adam Smith's 1817 book Principles of Political Economy and Taxation.

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Definitions:

Hominin Evolution

The process of evolutionary change and diversification leading to the emergence of humans and their closest relatives, distinct from the lineage leading to modern apes.

Sahelanthropus

An extinct genus of hominids believed to be among the earliest on the human lineage, dating back approximately 7 million years ago, known from fossils found in Central Africa.

Homo Sapiens

The species name for modern humans, characterized by a capacity for language, complex problem-solving skills, and social organization.

Teleost

A large group of fish characterized by a movable jaw and a bony skeleton, with over half of all known fish species classified as teleosts.