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Which economic concept did Rivoli apply in describing the current state of the textile industry in South and North Carolina, and Alabama the last several

Which economic concept did Rivoli apply in describing the current state of the textile industry in South and North Carolina, and Alabama the last several years.

Select one:

a.

Adam Smith's supply and demand

b.

David Ricardo's comparative advantage

c.

Joseph Schumpeter's creative destruction

d.

John Maynard Keynes' paradox of thrift

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