Which of the following statements regarding David Ricardo's trade theory of specialization is most correct?
A) Ricardo proved that even countries without an absolute advantage in the production of anything could still gain from specialization and trade.
B) Ricardo's contribution is called the theory of comparative advantage.
C) Ricardo proved that even when a country has an absolute advantage in the production of a particular good, it might be better off to import it than make it.
D) All of the statements above are correct.
E) Only statements a and b are correct.
Correct Answer:
Verified
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