Multiple Choice
Which of the following is NOT an explanation of Leontief's paradox?
A) Leontief did not distinguish between high-skilled and low-skilled labor.
B) The United States was not engaged in completely free trade in 1947 as the Heckscher-Ohlin model assumes.
C) The data from 1947 might be unusual because the war had recently ended.
D) United States' trading partners gave preferential treatment to U.S. exports.
Correct Answer:
Verified
Correct Answer:
Verified
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