The Doctrine of Comparative Advantage Was First Put Forth by

question 37

Multiple Choice

The doctrine of comparative advantage was first put forth by

• A)Adam Smith.
• B)David Ricardo.
• C)Ricky Ricardo.
• D)none of the options

---

Definitions:

Total Revenue

The total amount of money received by a company from sales of its goods or services before any expenses are subtracted.

Accounting Profit

The total revenue of a firm minus its explicit costs, reflecting the financial gain calculated using standard accounting principles.

Total Revenue

The entirety of income generated from sales activities, without deducting any expenses.

Corn Producer

An entity or individual involved in the cultivation and production of corn crops.