The theory of ............... was propounded by ............
The theory of ............... was propounded by ..................
Comparative advantage; Mercantilists
Absolute advantage; Adam Smith
Comparative advantage; Adam Smith
Absolute advantage; David Ricardo
Correct answer is B
The theory of absolute advantage was propounded by Adam Smith while the theory of comparative advantage was propounded by David Ricardo.
Which of these is not a cause of high population growth in Nigeria? ...
Which of the following is a form of business enterprise? ...
The demand for money to take advantage of changes in bond prices is the ...
Which of the following pairs can be referred to as middlemen? ...
In the distribution channels for goods and services, the middleman's mark-up margin provides a r...
Applying the law of comparative costs, how many units of groundnuts will Nigeria produce? ...
A negative effect of the discovery of petroleum on the Nigerian economy is ...
The record of a country's transactions in international trade is her ...