The Leontief paradoxa. Was applied to the product life cycle theoryb. Suggested that the U.S. exports labor-intensive goodsFound that national income differences underlie world trade patternsd. Implied that diseconomies of scale occur at low output levels9)C.9

The answer is - b. Suggested that the U.S. exports labor-intensive goods.

9) The Leontief paradox a. Was applied to the product life cycle theory b. Suggested that the U.S. exports labor-intensive goods c. Found that national income differences underlie world trade patterns d. Implied that diseconomies of scale occur at low output levels

9) The Leontief paradox a. Was applied to the product life cycle theory b. Suggested that the U.S. exports labor-intensive goods c. Found that national income differences underlie world trade patterns d. Implied that diseconomies of scale occur at low output levels

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The Leontief paradox
a. Was applied to the product life cycle theory
b. Suggested that the U.S. exports labor-intensive goods
Found that national income differences underlie world trade patterns
d. Implied that diseconomies of scale occur at low output levels
9)
C.
9

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