Multiple Choice
Who developed the principle of comparative advantage?
A) F.A. Hayek
B) David Ricardo
C) John Maynard Keynes
D) Adam Smith
Correct Answer:

Verified
Correct Answer:
Verified
Q116: This exercise introduces the concept of "consumption
Q117: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q118: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q120: Figure 3-6<br>These figures illustrate the production possibilities
Q122: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-4
Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q124: Suppose that a worker in Agland can
Q125: Which of the following does trade NOT
Q126: Figure 3-3<br>Ice cream and cones are measured