Multiple Choice
The Leontief Paradox
A) proved that the U.S. economy is different from all others.
B) failed to support the validity of the Ricardian theory.
C) supported the validity of the Ricardian theory of comparative advantage.
D) supported the validity of the Heckscher-Ohlin model.
E) failed to support the validity of the Heckscher-Ohlin model.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If trade opens up between the two
Q3: If Australia has more land per worker,
Q4: "A good cannot be both land- and
Q5: Why do you suppose that South-South trade
Q6: The assumption of diminishing returns in the
Q8: If Japan is relatively capital rich and
Q9: Factor-intensity reversals describe a situation in which
Q10: If the price of the capital -intensive
Q11: The Heckscher-Ohlin model is famous for being
Q12: According to the Heckscher-Ohlin model, the source