Question

    The Comparative advantage theory was first developed

    by:
    A Douglas Irwin Correct Answer Incorrect Answer
    B Paul Samuelson Correct Answer Incorrect Answer
    C David Ricardo Correct Answer Incorrect Answer
    D Paul Krugman Correct Answer Incorrect Answer

    Solution

    Comparative advantage , economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

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