Who Was the Economist Who First Analyzed the Advantages of Specialization

question 71

Multiple Choice

Who was the economist who first analyzed the advantages of specialization and the division of labor?

• A)David Ricardo
• B)Arthur C. Pigou
• C)Ronald Coase
• D)Adam Smith

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Definitions:

Informed Consent

A process by which individuals are fully informed about the procedures, risks, benefits, and alternatives of a certain action or decision, and voluntarily agree to it.

Data Collection

The process of systematically gathering and measuring information from various sources to gain insights or answer questions.

Within-Subject Design

A research design in which the same group of subjects is exposed to all treatments or conditions, allowing direct comparison of different interventions on the same people.

Confounds

Confounds refer to variables that the researcher failed to control or eliminate, which can cause a potential alternative explanation for the findings in a study.