Adam Smith is well known for ___________
A: Specification
B: absolute advantage theory
C: comparative advantage theory
D: perfect competition
A: Specification
B: absolute advantage theory
C: comparative advantage theory
D: perfect competition
举一反三
- The theory of comparative advantage was proposed by: ( ) A: Adam Smith B: Karl Marx C: Eli Heckscher. D: David Ricardo
- 2. _____________refined the theory of absolute advantage to one of comparative advantage.
- The theory of comparative advantage was introduced by the English economist_______. A: Adam Smith B: David Hume C: Jeremy Bentham D: David Ricardo
- The theory of absolute advantage and the relative theory of interest are the traditional theory claiming ( ). A: free trade B: protection trade C: state intervention D: state intervention combined with laissez faire
- _______explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.（ ） A: Mercantilism B: The law of comparative advantage C: The labor theory of value D: The law of absolute advantage