Adam Smith and David Ricardo reasoned that in a world of two countries, at least one country will be worse off as the result of trade.

Name: Adam Smith and David Ricardo reasoned that in a world of two countries, at least one country will be worse off as the result of trade.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Adam Smith and David Ricardo believed that both countries could benefit from trade, leading to mutual gains from specialization and exchange. This is known as the principle of comparative advantage.

Adam Smith and David Ricardo Reasoned That in a World