Multiple Choice
Leontief found that:
A) U.S. exports are neither labor nor capital intensive.
B) U.S. exports are capital intensive relative to U.S. imports.
C) U.S. imports are capital intensive relative to U.S. exports.
D) U.S. trade conforms perfectly to the predictions of the factor-proportions model.
E) capital was scarce in the U.S.
Correct Answer:
Verified
Correct Answer:
Verified
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