Question

1. match the concept to the economist:
2. socialist revolution
3. comparative advantage
4. elasticity of demand
5. division of labor

a. david ricardo
b. adam smith
c. alfred marshall
d. karl marx

Explanation:

Karl Marx is associated with the idea of socialist revolution. David Ricardo developed the theory of comparative - advantage. Alfred Marshall is known for work on elasticity of demand. Adam Smith introduced the concept of division of labor.

Answer:

1. d. Karl Marx
2. a. David Ricardo
3. c. Alfred Marshall
4. b. Adam Smith