T. According to the Leontief paradox, U.S. industries with trade surpluses were more labor intensive than industries with a trade deficit.

Name: T. According to the Leontief paradox, U.S. industries with trade surpluses were more labor intensive than industries with a trade deficit.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The Leontief paradox found that U.S. exports were less capital-intensive than imports, contrary to the expectation that the U.S., being capital-abundant, would export capital-intensive goods.

T According to the Leontief Paradox, U