Multiple Choice
One potential reasonable explanation for the Leontief paradox is that
A) The U.S. exports capital intensive goods
B) U.S. labor is more productive than its foreign counterpart
C) U.S. tastes were biased strongly in favor of capital intensive goods
D) The two factor model that was used was incomplete
Correct Answer:
Verified
Correct Answer:
Verified
Q2: In the H-O model,international trade is based
Q6: When w/r falls,L/K<br>A)falls in the production of
Q9: The Leontief paradox refers to the empirical
Q10: For factor reversal to occur,two commodities must
Q15: a)Identify the conditions that may give rise
Q17: Over the last five decades,relative to the
Q18: International trade will _ the price of
Q22: The H-O model assumes a world in
Q24: The United States can be characterized as
Q25: List three possible explanations for the Leontief