Match the following Adam Smith David Ricardo John Maynard Keynes Cho.docx

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Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalismduo If a firm has trouble selling its good, it can lower price.
6. People often pay too much for goods because they are not aware of which store has the most inexpensive prices. Which assumption of perfect competition does this violate? a. none
marginal benefit, why should we not double the govenrment'sexpenditures on medical care? because it will increase the
trade barrier can be tariffs. quotas. subsidizing domestic production. d. any of the above. 13. Other things being equal,
less international trade barriers a. will increase the level of

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