What Is David Ricardo's Contribution

question 45

Multiple Choice

What is David Ricardo's contribution?

• A) He wrote books opposing the ideas of Adam Smith.
• B) He was the founder of modern economics.
• C) He argued in favour of Britain following a free-trade policy.
• D) He wrote An Inquiry into the Nature and Causes of the Wealth of Nations.

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Definitions:

Contract

An agreement between two or more parties creating obligations that are enforceable by law.

U.S. and Foreign Country

A diplomatic, economic, or cultural relationship between the United States and another sovereign nation.

Stare Decisis

A legal principle that dictates courts should follow the precedent set by previous decisions when resolving similar cases to ensure consistency and predictability in the law.

American Legal System

The legal framework consisting of both federal and state laws, including statutes, regulations, and court decisions.