The Leontief Paradox
A)refers to the fact that Leontief-an American economist-had a Russian name.
B)still accurately applies to today's pattern of U.S.international trade.
C)refers to the finding that U.S.Exports were more capital intensive than its exports.
D)refers to the finding that the U.S.produces outside its Edgeworth Box.
E)refers to the finding that U.S.exports were more labor intensive than its imports.

Question

Quizplus · Accepted Answer

The Leontief Paradox refers to the empirical finding by economist Wassily Leontief that U.S. exports were more labor-intensive than its imports, which was contrary to the expectation that the U.S., being a capital-abundant country, would export capital-intensive goods.