Which of these economists considered absolute advantage in production to be the basis for trade between nations?
A)Adam Smith
B)Alfred Marshall
C)David Ricardo
D)David Hume

Question

Quizplus · Accepted Answer

Adam Smith is the economist who considered absolute advantage in production to be the basis for trade between nations. In his book "The Wealth of Nations", Smith argued that countries should specialize in producing goods that they are most efficient at producing, and then trade with other countries for goods that they cannot produce as efficiently. This theory is known as the theory of absolute advantage.

Which of These Economists Considered Absolute Advantage in Production to Be