Question 1

A problem with Leontief's methodology is that

Accepted Answer

A) he had no information on U.S. and foreign factor endowments. 
B) he did not use information on foreign factor intensities. 
C) he ignored the roles of other factors of production such as natural resources. 
D) All of the above are problems. 
A) he had no information on U.S. and foreign factor endowments. 
B) he did not use information on foreign factor intensities. 
C) he ignored the roles of other factors of production such as natural resources. 
D) All of the above are problems.

Question 2

Tests,using Leontief's methodology,to explain trade patterns of other countries

Accepted Answer

A) show that the Leontief Paradox holds only for the United States. 
B) show that paradoxical results obtain for some countries but not for others. 
C) show that the Leontief paradox holds in every case. 
D) have never been performed. 
A) show that the Leontief Paradox holds only for the United States. 
B) show that paradoxical results obtain for some countries but not for others. 
C) show that the Leontief paradox holds in every case. 
D) have never been performed.

Question 3

The Leontief paradox can be summarized as the finding that U.S.exports tend to come from capital-intensive industries,while U.S.imports are produced using relatively labor-intensive techniques.

Accepted Answer

A) True 
 B)False

Question 4

Linder's hypothesis provides an explanation for

Accepted Answer

A) increasing returns to scale. 
B) imperfect competition. 
C) intraindustry trade. 
D) All of the above. 
A) increasing returns to scale. 
B) imperfect competition. 
C) intraindustry trade. 
D) All of the above.

Question 5

An input-output table details the sales of each industry to all other industries in an economy.

Accepted Answer

A) True 
 B)False

Question 6

Write an essay on the Leontief Paradox.Include in your discussion what Leontief found that was so paradoxical as well as a brief description of several of the various reconciliations that have been offered to explain the Paradox.

Accepted Answer

Leontief found U.S.exports were relative

A problem with Leontief's methodology is that

Tests,using Leontief's methodology,to explain trade patterns of other countries

The Leontief paradox can be summarized as the finding that U.S.exports tend to come from capital-intensive industries,while U.S.imports are produced using relatively labor-intensive techniques.

Linder's hypothesis provides an explanation for

An input-output table details the sales of each industry to all other industries in an economy.

Write an essay on the Leontief Paradox.Include in your discussion what Leontief found that was so paradoxical as well as a brief description of several of the various reconciliations that have been offered to explain the Paradox.

An Introduction to International Trade

Tools of Analysis for International Trade Models

The Classical Model of International Trade

The Heckscher-Ohlin Model

Tariffs

Nontariff Barriers and Arguments for Protection

Commercial Policy: History and Practice

Preferential Trade Agreements

International Trade and Economic Growth

The Balance of Payments

The Foreign Exchange Market

International Monetary Systems

Exchange Rates in the Short Run

Exchange Rates in the Long Run

Theories of the Current Account Balance

Open Economy Macroeconomics

International Banking, debt and Risk

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Exam 5: Tests of Trade Models: the Leontief Paradox and Its Aftermath

A problem with Leontief's methodology is that

Tests,using Leontief's methodology,to explain trade patterns of other countries

The Leontief paradox can be summarized as the finding that U.S.exports tend to come from capital-intensive industries,while U.S.imports are produced using relatively labor-intensive techniques.

Linder's hypothesis provides an explanation for

An input-output table details the sales of each industry to all other industries in an economy.

Write an essay on the Leontief Paradox.Include in your discussion what Leontief found that was so paradoxical as well as a brief description of several of the various reconciliations that have been offered to explain the Paradox.

An Introduction to International Trade

Tools of Analysis for International Trade Models

The Classical Model of International Trade

The Heckscher-Ohlin Model

Tariffs

Nontariff Barriers and Arguments for Protection

Commercial Policy: History and Practice

Preferential Trade Agreements

International Trade and Economic Growth

The Balance of Payments

The Foreign Exchange Market

International Monetary Systems

Exchange Rates in the Short Run

Exchange Rates in the Long Run

Theories of the Current Account Balance

Open Economy Macroeconomics

International Banking, debt and Risk

Filters