Multiple Choice
Which of the following is not a potential explanation for the Leontief paradox?
A) The U.S. imposed high tariffs on labor-intensive products.
B) U.S. exports are intensive in the use of skilled labor.
C) The U.S. exports products that intensively use high technology.
D) The U.S. is a relatively labor-abundant country.
E) U.S. tariffs are too low.
Correct Answer:
Verified
Correct Answer:
Verified
Q112: The Stopler-Samuelson theorem states that with international
Q113: Suppose that capital in a comparative disadvantage
Q114: Explain how trade would tend to equalize
Q115: International trade impacts the economy by changing
Q116: The factor-proportions theory of international trade predicts:<br>A)
Q118: The factor-proportions theory is built around differences
Q119: In the factor-proportions theory, international trade is
Q120: Countries tend to have a comparative advantage
Q121: A capital-intensive good is one with a
Q122: International trade tends to raise the amount