What does the ricardian theory state?

The Ricardian Theory was a theory developed by the classical economist David Ricardo in 1817, where he introduced the law or principle of comparative advantage.

The principle of comparative advantage states that an economic agent will specialize in producing and selling a product or service for which it has a comparative advantage, which is a situation in which a specific agent is able to produce a certain good more efficiently than its competitors (with smaller opportunity costs).

This principle explains the dynamics of international trade and why countries engage in trading some specific goods, for example, why a country buys a product abroad instead of producing it in its territory. Countries will always export the product for which the hold a comparative advantage and import others.

abraham lincoln was the president of usa and he had asked the audience to make a pledge on equality.

his pledge was:

“it is my earnest desire to know the will of the providence.”

lincoln also had hatred for people who condoned and practiced slavery and so he pledged:

""and if i can learnt what it is i can do it"" this is another pledge by abraham to reassure the congregation on how to deal with the providence will.

explanation:

hope this !