passwella.
Menu

UI Post-UTME Economics 2023 (Model questions) Question 25

Question 25

International Trade

Absolute advantage theory of international trade is associated with ________

  1. A.John Keynes
  2. B.Adam Smith
  3. C.David Ricardo
  4. D.Milton Friedman
Show the answer and explanation

Answer: B (Adam Smith)

Explanation

Adam Smith put forward absolute advantage; Ricardo developed comparative advantage.