Multiple Choice
Which of the following was the analysis revealed by the "Leontief paradox"?
A) that despite having an abundant pool of labor, the U.S. was exporting capital-intensive goods
B) that the U.S. often exported labor-intensive goods and imported more capital-intensive goods
C) that international trade was simpler than perceived
D) that contrary to the popular belief, new products are more likely to originate in developing economies
Correct Answer:

Verified
Correct Answer:
Verified
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