The earliest statement of the principle of comparative advantage is associated with
A) David Hume.
B) David Ricardo.
C) Adam Smith.
D) Eli Heckscher.
E) Bertil Ohlin.

Question

Quizplus · Accepted Answer

The principle of comparative advantage is often attributed to David Ricardo, a British economist who developed it in his 1817 book "On the Principles of Political Economy and Taxation." Therefore, option B is the correct answer. Although Adam Smith is associated with the theory of international trade and Eli Heckscher and Bertil Olhin contributed to the theory of factor endowments and international trade, they are not known for the principle of comparative advantage. David Hume was an influential Scottish philosopher, economist, and essayist, but his contributions to economics are not directly related to the principle of comparative advantage.

The Earliest Statement of the Principle of Comparative Advantage Is