Multiple Choice
The Leontief Paradox
A) proved that the U.S.economy is different from all others.
B) supported the validity of the Ricardian theory of comparative advantage.
C) failed to support the validity of the Heckscher- Ohlin model.
D) supported the validity of the Heckscher- Ohlin model.
E) failed to support the validity of the Ricardian theory.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Factors tend to be specific to certain
Q3: If a country produces good Y (measured
Q4: In the 2- factor,2- good Heckscher- Ohlin
Q5: If Australia has more land per worker,and
Q6: In the Heckscher- Ohlin model,countries are assumed
Q7: If trade opens up between the two
Q8: According to the Heckscher- Ohlin model<br>A)the scarce
Q9: In the Heckscher- Ohlin model,when two countries
Q10: The assumption of diminishing returns in the
Q11: Which of the following empirical studies cast