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European Integratıon
European Integratıon Deneme Sınavı
European Integratıon Deneme Sınavı Sorusu #1405898
European Integratıon Deneme Sınavı Sorusu #1405898
Which term is depends on David Ricardo's famous book, Principles of Political Economy an Taxation?
Consumer surplus |
Trade diversion |
Trade creation effect |
Comparative advantage |
Autarky |
Yanıt Açıklaması:
"Comparative advantage" term depends on the law of comparative advantage that is presented by David Ricardo in his famous book, titled Principles of Political Economy and Taxation, published in 1817. According to the law of comparative advantage, the country has to be specialized in the commodity in which its absolute disadvantage is smaller.
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