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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
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Correct Answer: Option A
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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