Which of These Economists Considered Absolute Advantage in Production to Be

question 26

Multiple Choice

Which of these economists considered absolute advantage in production to be the basis for trade between nations?

• A)Adam Smith
• B)Alfred Marshall
• C)David Ricardo
• D)David Hume

---

Definitions:

Pre-Acquisition Equity

Refers to the amount of equity held in a company before it is acquired by another entity, often considered in the evaluation of acquisition deals and the consolidation of financial statements.

Direct Non-Controlling Interest

An ownership interest in a company where the shareholder does not have enough shares to control the company directly, but still holds a significant amount of shares.

Post-Acquisition Equity

The equity interest in a subsidiary acquired by a parent company after the initial purchase date, affecting the parent's total equity interest in the subsidiary.

Pre-Acquisition Equity

The equity interest in a company before any acquisitions, typically involving the original shares and retained earnings before new investments.