Who Developed the Theory of Comparative Advantage

question 116

Multiple Choice

Who developed the theory of comparative advantage?

• A) John Stuart Mill
• B) Adam Smith
• C) David Ricardo
• D) Karl Marx

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Definitions:

Advising

The act of giving recommendations or guidance to others, often based on knowledge or expertise.

Paraphrasing

Paraphrasing involves rewording a statement or passage to express the same meaning as the original but in different words, typically to clarify or simplify.

High-context Cultures

Societies or groups where communication relies heavily on the contextual elements like body language, status, and tone of voice, rather than on explicit words.

Low-context Cultures

Cultures where communication is expected to be explicit, direct, and detailed, relying less on context and non-verbal cues.