The Earliest Statement of the Principle of Comparative Advantage Is

question 206

Multiple Choice

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

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

---

Definitions:

Wilcoxon Signed Rank Test

A nonparametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Normal Approximation

A technique used to approximate a binomial distribution with a normal distribution when the sample size is sufficiently large.

Wilcoxon Signed Rank Test

A non-parametric statistical test that compares two related samples or repeated measurements on a single sample to assess whether their population mean ranks differ.

Test Statistic

A calculated value that is used in statistical testing to decide whether to reject the null hypothesis, based on the possible values it can take in relation to a theoretical distribution.