alleryStart learning →Who first alluded to absolute advantage as the basis for international trade, in 1776?
AAlfred Marshall
BDavid Ricardo
CRobert Torrens
DAdam Smith
Answer & Solution
Correct answer: D. Adam Smith
Adam Smith wrote about it in The Wealth of Nations in 1776, before Ricardo's work.
Keep practising International Trade
Browse all International Trade questions for CA Foundation, or explore more Business Economics topics.
Related questions
Which view blames a global savings glut for BoP imbalances, argued in a 2005 paper?A country selling more than it imports sees what happen to demand for its currency?After Bretton Woods ended, which currency remained the principal de facto reserve?A current account surplus is equivalent to the excess of what?A fall in a currency's value makes imports what for a country's citizens?Currency appreciation does what to exports and imports?A balance of payments crisis occurs when a nation cannot do what?If outflows exceed inflows, what pressure does the country's currency face?