One explanation for the Leontief paradox is:O Leontief did not really understand the H-O model.He did not take into consideration other factors of production, such as land and skilled labor.He correctly assumed that technology was the same for all countries, but had inaccurate data on factor proporticData on exports and imports for the US did not exist in the 195Os and he had to make it up.

Leontief's paradox is that a country with a high capital per worker has a low labor/capital ratio…

Answered: One explanation for the Leontief…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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