The Leontieff 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 Leontieff an American economist had a Russian name.

Question

Quizplus · Accepted Answer

The Leontieff Paradox refers to the empirical finding by economist Wassily Leontief that, contrary to the Heckscher-Ohlin theory, U.S. exports were more labor-intensive than its imports, despite the U.S. being a capital-abundant country.