Absolute Advantage Theory Was Introduced by

question 24

Multiple Choice

Absolute Advantage theory was introduced by

• A) David Ricardo
• B) Adam Smith
• C) Niccolo Machiavelli
• D) Raymond Vernon

---

Definitions:

Equity

Ownership interest in an asset after deducting all debts associated with that asset, highlighting a financial stake in a company or property.

Credit Score

A numerical expression based on an analysis of a person's credit files, representing the creditworthiness of an individual.

Business Loan

Financing that businesses seek and receive to help with expenses, growth, or other financial needs, typically from a banking institution or lender.

Fixed-rate Loan

A loan where the interest rate remains constant throughout the term of the loan, regardless of market fluctuations.