The concept of relative comparative advantage's origins lie in:
A) Adam Smith's work of 1776.
B) David Ricardo's work of 1776.
C) The Wealth of Nations book, published in 1887.
D) On the Principles of Political Economy and Taxation book, published in 1817.

Question

Quizplus · Accepted Answer

The concept of relative comparative advantage was first introduced by David Ricardo in his book 'On the Principles of Political Economy and Taxation' in 1817. While Adam Smith did contribute to the development of international trade theory, the concept of relative comparative advantage was not introduced in his works. The Wealth of Nations was also written by Adam Smith, and was published in 1776.

The Concept of Relative Comparative Advantage's Origins Lie In