Comparative Cost Advantage theory was given by:
Options
AAdam Smith
BDavid Ricardo
COhlin
DMarshall
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International TradePYQ - May 2018 (Inter)Question 161 of 20
All Questions Correct Answer
✅ Option b — David Ricardo
All Options:
- AAdam Smith
- BDavid Ricardo
- COhlin
- DMarshall
About This Chapter: International Trade
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Theories, Trade Policy, Exchange Rates
This chapter explores trade between nations — why countries trade, the theories of Absolute and Comparative Advantage, Balance of Payments, Exchange Rate systems (Fixed vs Flexible), and India's trade policy including tariffs, quotas, and WTO rules.
View Official ICAI SyllabusExam Strategy Tip
Understand Comparative Advantage theory thoroughly — it's the foundation of international trade. Also focus on the Balance of Payments structure and what causes deficits.
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