The earliest statement of the principle of comparative advantage is associated with:
A) Adam Smith
B) David Ricardo
C) Eli Heckscher
D) Bertil Ohlin

Question

Quizplus · Accepted Answer

David Ricardo is credited with developing the principle of comparative advantage in his 1817 book "On the Principles of Political Economy and Taxation." While Adam Smith is often associated with the idea of free trade and specialization, he did not explicitly state the principle of comparative advantage. Eli Heckscher and Bertil Ohlin made important contributions to trade theory but did not develop the principle of comparative advantage.

The Earliest Statement of the Principle of Comparative Advantage Is