The theory of comparative cost advantage is associated with
Answer Details
The theory of comparative cost advantage is associated with David Ricardo.
This theory states that countries should specialize in producing and exporting the goods and services for which they have a comparative advantage, meaning that they can produce those goods and services at a lower cost than other countries. By doing so, both countries can benefit from trade and improve their overall economic efficiency and welfare.
In simpler terms, the theory suggests that a country should focus on making and selling the things they are good at making, while buying the things they are not as good at from other countries, so that everyone can benefit from their strengths.