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

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Definitions:

Assumptions

Statements or ideas accepted as true without proof, used as the basis for reasoning or argumentation.

Explanandum

The phenomenon or event that is to be explained, often used in the context of scientific inquiry.

Hypothesis

A proposed explanation for a phenomenon, often based on limited evidence as a starting point for further investigation.

Plausible

Appearing likely or probable, often based on circumstantial evidence or logical reasoning, but not confirmed.