What was the comparative advantage theory of David Ricacrdo?

General Awareness (GA) Competitive Exams (SSC, DSSSB, UPSC, RRB, CET, and State Boards) SSC Combined Graduate Level (SSC CGL)

Q. 3 of Quiz-1851 (Que-ID : 4003)

What was the comparative advantage theory of David Ricacrdo?

When a country can produce a good or service at a lower opportunity cost than another country.
Pursuit of self-interest, division of labor, and freedom of trade.
A theory of free-market capitalism directly opposed to government intervention.
A theory centers on entrepreneurship, knowledge, innovation and technological advancement.

Ans → (a)When a country can produce a good or service at a lower opportunity cost than another country.

Explanation → Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.

This question is taken from this post → General Awareness Quiz on Economics - attemp/practice

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What was the comparative advantage theory of David Ricacrdo?

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