Which statement describes Ricardo’s argument in his treatise On the Principles of Political Economy and Taxation?

  • Which statement describes Ricardo’s argument in his treatise On the Principles of Political Economy and Taxation?
  • Ricardo argued that free trade benefits all trading partners, but specialization does not benefit all trading partners.
  • Ricardo argued that specialization and free trade benefit all trading partners, even those that may be relatively inefficient.
  • Ricardo argued that specialization and free trade benefit all trading partners, except in cases that may be relatively inefficient.
  • Ricardo argued that specialization benefits all trading partners, but free trade does not benefit all trading partners.
 
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