Multiple Choice
Which of the following economists showed that international trade was mutually beneficial based on the concept of absolute advantage?
A) Adam Smith
B) David Ricardo
C) James Ingram
D) Paul Samuelson
E) Paul Krugman
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q61: Since the dynamic gains from trade cannot
Q62: The Mercantilists believed:<br>A) that international trade was
Q63: Show how a country could have an
Q64: Which of the following statements is false?<br>A)
Q65: Explain how trade will tend to emerge
Q67: According to Adam Smith, international trade is
Q68: The Mercantilists advocated:<br>A) lower labor costs to
Q69: If the U.S. exports machines and India
Q70: International trade allows the world to use
Q71: based on the following information. A worker