The theory of …………… was propounded by ……………

Q: The theory of …………… was propounded by ……………

The theory of ............... was propounded by ................ Absolute advantage; David Ricardo Absolute advantage; Adam Smith ✓ Comparative advantage; Adam Smith Comparative advantage; Mercantilists Explanation This answer correctly explains the economic concept. Economics studies how people make choices about limited resources. The other options describe different economic ideas or situations. They don't fit what this question asks. Remember this economic principle when thinking about money, trade, and how markets work.

Question

The theory of …………… was propounded by …………….

Answer 1

The theory of …………… was propounded by …………….

Absolute advantage; David Ricardo
Absolute advantage; Adam Smith ✓
Comparative advantage; Adam Smith
Comparative advantage; Mercantilists

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.