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Which Economist developed internat...

Which Economist developed international trade theory in 1817 based on comparative advantage and specialisation ?

A

Paul Krugman

B

Gary Becker

C

Milton Friedman

D

david Ricardo

Text Solution

Verified by Experts

The correct Answer is:
D
David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country.s workers are more efficient at producing every single goods than workers in other countries.
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