Smart Online Assessments For Serious Exam Preparation
Start Assessment ➔

What do you want to learn today?

Home / Question Bank / General Awareness (GA) / Question Details
Multiple Choice Question

What was the comparative advantage theory of David Ricacrdo?

  • A
    When a country can produce a good or service at a lower opportunity cost than another country.
  • B
    Pursuit of self-interest, division of labor, and freedom of trade.
  • C
    A theory of free-market capitalism directly opposed to government intervention.
  • D
    A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
Explanation:
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.

More Questions & Answers

Read the Complete Topic

This question belongs to the set "General Awareness Quiz on Economics". Click below to read detailed notes and attempt the full quiz.

View Full Post →

Try These Similar MCQs

Explore Related Study Material

One word Substitution for Government/systems Note

One word Substitution for Government/systems

Feb 13, 20221.4k views View →
The Constitution of India, Formation History and Timeline Note
What are the Trade Unions or Labour Unions? What are the new reforms introduced in the labour domain? Note

- Advertisement -

Scroll to Top