Post Utme Madonna University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2017 • COMMERCE • objective

The concept of comparative advantage is based on the idea that countries should specialize in producing goods for which they have a lower opportunity cost. This concept was first introduced by which of the following economists?

Answer Options

A. Adam Smith
Correct Answer B. David Ricardo
C. Thomas Malthus
D. John Stuart Mill
Correct Answer
B
Correct Option:
David Ricardo

About This Question

This is Post Utme Madonna University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Madonna University Commerce examination.

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