A problem with Leontief's methodology is that
A)he had no information on U.S. and foreign factor endowments.
B)he did not use information on foreign factor intensities.
C)he ignored the roles of other factors of production such as natural resources.
D)All of the above are problems.

Question

Quizplus · Accepted Answer

Leontief's methodology was limited by the lack of information on foreign factor endowments, the neglect of foreign factor intensities, and the exclusion of other factors of production such as natural resources. Therefore, all options are problems with his methodology.

A Problem with Leontief's Methodology Is That