The Earliest Statement of the Principle of Comparative Advantage Is

question 42

Multiple Choice

The earliest statement of the principle of comparative advantage is associated with

• A) David Hume.
• B) David Ricardo.
• C) Adam Smith.
• D) Eli Heckscher.
• E) Bertil Ohlin.

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Definitions:

Self-Determination Theory

The idea that people function best when they feel that their actions stem from their own desires rather than from external forces.

Intrinsic Motivation

The drive to engage in an activity for its own sake and the personal gratification it brings, rather than for some external reward.

Extrinsic Motivation

The drive to perform actions or engage in behaviors due to external rewards or pressures rather than for intrinsic satisfaction.

Intrinsic Locus Control

The belief that individuals can control events that affect them because of traits or abilities they possess.