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

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 expectations of the Heckscher-Ohlin theory that suggested the U.S., being capital-abundant, would export capital-intensive goods.