Who Proposed the Theory of Absolute Advantage

question 63

Multiple Choice

Who proposed the theory of absolute advantage?

• A) David Ricardo
• B) Adam Smith
• C) Bertil Ohlin
• D) Raymond Vernon

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Definitions:

Normative Power

It refers to the ability of a standard or norm to influence the behavior of individuals or groups, often through values or ethical considerations.

Strategic Function

The purposeful roles or actions designed to achieve a long-term goal or objective in planning or operations.

Paradox

A statement or proposition that, despite sound reasoning from acceptable premises, leads to a conclusion that seems logically unacceptable or self-contradictory.

Coalition Founder

An individual or entity that initiates the formation of a coalition, which is an alliance among individuals or groups for a common purpose.