Which of the following is most likely an explanation for the Leontief paradox observed in the case of the United States?
A) The United States imports goods that heavily use skilled labor and innovative entrepreneurship.
B) The United States has a special advantage in producing new products made with innovative technologies.
C) The United States exports heavy manufacturing products that use large amounts of capital.
D) The United States has a strong absolute advantage over other nations because of its advantageous factor endowments.
E) The United States imports goods that make intensive use of factors that are locally abundant.
Correct Answer:
Verified
Q61: Vernon predicts that as the demand for
Q67: Which of the following theories began to
Q68: Meitneria and Seaboria specialize in the production
Q69: The country of Dalima has long been
Q70: U.S.exports are less capital-intensive than U.S.imports,despite the
Q71: Which of the following is a drawback
Q73: Which of the following is true of
Q74: Which of the following predicts that countries
Q75: Vernon argues that early in the life
Q76: According to Vernon,which of the following factors
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents