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A 1974 Empirical Study (By Steven Rosefielde) Found That the "Leontief

Question 24

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A 1974 empirical study (by Steven Rosefielde) found that the "Leontief statistic" for the Soviet Union in its trade with Western industrialized nations was 1.44, and its "Leontief Statistic" for its trade with developing countries was 0.43. If the Soviet Union was Trading in accordance with the Heckscher-Ohlin theorem, these results suggest that theSoviet Union was relatively __________ compared to its Western trading partners and __________ compared to developing countries.


A) capital abundant; was relatively labor abundant
B) capital abundant; also was relatively capital abundant
C) labor abundant; also was relatively labor abundant
D) labor abundant; was relatively capital abundant

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