Question 14Leontief was trying to test the Heckscher-Ohlin Model. He assumed that the US was capital abundant and his resultsO he did not come up with any results as he did not have data on the factor content of imports.agreed with the model; he found that US exports were relatively more capital intensive than its importsagreed with the model; he found that US imports were relatively less capital intensive than its importscontradicted the model; he found that US exports were relatively less capital intensive than its imports

Leontief paradox: In economics, Leontief's paradox states that the capital/labor ratio in exports is…

Answered: Question 14 Leontief was trying to test…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 6SCQ: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram...

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