The Leontief Paradox
A)proved that the U.S.economy is different from all others.
B)supported the validity of the Ricardian theory of comparative advantage.
C)failed to support the validity of the Heckscher- Ohlin model.
D)supported the validity of the Heckscher- Ohlin model.
E)failed to support the validity of the Ricardian theory.

Question

Quizplus · Accepted Answer

The Leontief Paradox found that the U.S., a capital-abundant country, exported more labor-intensive goods and imported more capital-intensive goods, contrary to the Heckscher-Ohlin model's predictions.