the theory of comparative advantage, advanced by ______ is the intellectual basis of the modern argument for…
the theory of comparative advantage, advanced by ______ is the intellectual basis of the modern argument for unrestricted free trade.\n\n a. michael porter\n b. bertil ohlin\n c. wassily leontief\n d. david ricardo\n e. adam smith
Answer
Brief Explanations:
David Ricardo advanced the theory of comparative - advantage. It shows that countries should specialize in and export goods in which they have a lower opportunity cost, forming the basis for free - trade arguments. Michael Porter is known for the Porter's five forces and competitive strategy; Bertil Ohlin contributed to the Heckscher - Ohlin model; Wassily Leontief is associated with the Leontief paradox; Adam Smith is famous for the theory of absolute advantage.
Answer:
D. David Ricardo