On international trade, David Ricardo is associated with the concept of

Name: On international trade, David Ricardo is associated with the concept of
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

David Ricardo is best known for his theory of comparative advantage, which suggests that even if one nation is less efficient than another in the production of two commodities, there can still be benefits from trade if each nation specializes in the production of the good for which it has a comparative advantage.

On International Trade, David Ricardo Is Associated with the Concept