The principle of comparative cost advantage was propounded by
ECONOMICS
WAEC 2016
The principle of comparative cost advantage was propounded by
- A. David Ricardo
- B. Alfred Marshal
- C. J. S Mill
- D. Adam Smith
Correct Answer: A. David Ricardo
Explanation
David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing every single good than workers in other countries.
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