The Theory of Comparative Advantage Is Credited to

question 264

Multiple Choice

The theory of comparative advantage is credited to

• A) Adam Smith.
• B) David Ricardo.
• C) John Maynard Keynes.
• D) Milton Friedman.

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Definitions:

Power

The ability or capacity to influence or control the behavior of others or the course of events.

Informal Relationships

Connections or interactions between individuals that are not governed by formal rules, contracts, or law.

Administrative Oversight

The process of overseeing and monitoring administrative activities to ensure compliance, efficiency, and effectiveness.

Legislators

Elected officials who have the authority to create, amend, and pass legislation within a governmental legislative body.