The theories of Smith, Ricardo, and Heckscher-Ohlin failed to identify

QUESTION

The theories of Smith, Ricardo, and Heckscher-Ohlin failed to identify the specific benefits of international trade.

Indicate whether the statement is true or false.

ANSWER

FALSE
The great strength of the theories of Smith, Ricardo, and Heckscher-Ohlin is that they identify with precision the specific benefits of international trade.