Multiple Choice
If relatively labor-abundant country A has a "Leontief statistic" greater than 1.0 and relatively capital-abundant country B has a "Leontief statistic" less than 1.0, this suggests that
A) neither country is conforming to the prediction of the Heckscher-Ohlin theorem.
B) both countries are conforming to the prediction of the Heckscher-Ohlin theorem.
C) country A is conforming to the prediction of the Heckscher-Ohlin theorem but country B is not.
D) country B is conforming to the prediction of the Heckscher-Ohlin theorem but country A is not.
Correct Answer:
Verified
Correct Answer:
Verified
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