Ricardo believed that nations should concentrate resources where?
In all industries
In industries where they have the greatest efficiency of production
In industries that are currently trending
In industries that are predicted to be successful in the future
Answer
Concentrating resources in industries with the greatest efficiency of production, as Ricardo believed, is a strategy that focuses on maximizing productivity and comparative advantages. By directing resources into areas where a nation can produce goods and services with relatively lower costs and higher output, this approach aims to enhance economic efficiency and competitiveness in global markets.
The Ricardo Revolution: Mastering David Ricardo's Economic Legacy
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