Question

The concept of relative comparative advantage's origins lie in: a.Adam Smith's work of 1776. b.David Ricardo's work of 1776 c.The Wealth of Nations book, published in 1887 d.On the Principles of Political Economy and Taxation book, published in 1817.

Answer 1

The answer is D.

Step-by-step explanation:

The concept of RELATIVE comparative advantage's origins lie on the Principles of Political Economy and Taxation book, published in 1817. So option D is the answer

While the concept of ABSOLUTE comparative advantage's origin lie on Adam Smith's work of 1776.

What is comparative advantage?

Comparative advantage is that the economy's ability of a country to supply goods and services at a lower cost than that of trading partners. a country with comparative advantage can sell goods or services at a cheaper price.