David Ricardo

question 55

Multiple Choice

David Ricardo

• A)wrote a famous book in which he attacked the ideas of Adam Smith.
• B)was the founder of modern economics.
• C)argued that Britain should not restrict imports of grain.
• D)wrote An Inquiry into the Nature and Causes of the Wealth of Nations in 1776.

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Definitions:

Appreciation

An increase in the value of an asset, currency, or other financial instrument over time.

Financial and Real Assets

Financial assets refer to assets like stocks and bonds, while real assets refer to physical assets such as land, buildings, and machinery.

Shift Right

In economics, a term used to describe the movement of a supply or demand curve to the right, indicating an increase in supply or demand.