Question on: JAMB Economics - 2023
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The theory of ............... was propounded by ..................
A
Comparative advantage; Mercantilists
B
Absolute advantage; Adam Smith
C
Comparative advantage; Adam Smith
D
Absolute advantage; David Ricardo
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Correct Option: B
The theory of Absolute Advantage was propounded by Adam Smith. However, it's important to note that the theory of Comparative Advantage was propounded by David Ricardo, not Adam Smith.
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