The theory of ________ was the first to explain why unrestricted free trade benefits a country.
A) Heckscher-Ohlin
B) national competitive advantage
C) free trade
D) absolute advantage
E) zero-sum game

Question

Quizplus · Accepted Answer

The theory of absolute advantage, proposed by Adam Smith, was the first to explain how countries can benefit from unrestricted free trade by specializing in the production of goods where they have an absolute advantage.

The Theory of ________ Was the First to Explain Why