Economics · International Trade Theories
Who formulated the Theory of Absolute Advantage, which is considered the first classical theory of International Trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Eli Heckscher and Bertil Ohlin
- 2Milton Friedman
- 3Adam Smith✓
- 4John Maynard Keynes
Correct answer
Adam Smith
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