The theory of Absolute advantage was propounded by .................
Adam Smith
Adam Smith option is correct.
Adam Smith, in his 1776 work The Wealth of Nations, put forward the theory of Absolute Advantage: a country should specialise in and export the goods it can produce using fewer resources than any other country, and import the rest.
David Ricardo later refined this idea into the theory of Comparative Advantage; Heckscher and Ohlin developed the factor-endowment model of trade. None of them originated the Absolute Advantage doctrine, which is Adam Smith's contribution.
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Important Questions from Mixed Topic (MH-SET)
.................... is a client server application that identifies each host on the internet with a unique user-friendly name.
Every OS has a ................ or .......... which primarily resides in the main memory of the computer to perform some of the basic functions of the OS.
(i) Kernel
(ii) Interface
(iii) Nucleus
(iv) Compiler
Codes:
Which of the following are referred to as low level language?
(i) Machine language
(ii) Assembly language
(iii) High level language
(iv) Natural language
Codes:
Match the following:
List I List II (a) New York Public Library (i) Shelv AR (b) Miami University Augmented Research Group (ii) Smart library (c) Oula University Library (iii) Wolf Walk (d) North Carolina State University (iv) Find the future Codes:
Which part of the QR code represents the encoded data?
