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  5. The theory of .........

The theory of ............... was propounded by ..................

Economics
JAMB 2023

The theory of ............... was propounded by ..................

  • A. Comparative advantage; Mercantilists
  • B. Absolute advantage; Adam Smith
  • C. Comparative advantage; Adam Smith
  • D. Absolute advantage; David Ricardo
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Correct Answer: Option B
Explanation

The theory of absolute advantage was propounded by Adam Smith while the theory of comparative advantage was propounded by David Ricardo.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now