Adam Smith:
A)was one of the first scholars to write about the principle of comparative advantage
B)wrote in the 18th century about the benefits available from trade
C)inspired David Ricardo
D)all of the above are true

Question

Quizplus · Accepted Answer

All of the statements are true. Adam Smith was one of the earliest proponents of the principle of comparative advantage and trade benefits, and his ideas greatly influenced the work of David Ricardo.