Answer:
A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant.
Explanation:
When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding: "Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant."
This is because Heckscher-Ohlin theory states that countries usually export commodities, and resources they have in excess, while in return, they import the commodities and resources they need.
However, given that the United States is a country that was relatively capital-abundant, Wassily Leontief's finding is considered to be a contradiction.
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Answer:
c.the producer charges a price greater than $4.50.
Explanation:
The producer charges a price greater than $4.50. In monopolistic competition the demand curve lies above the marginal revenue curve. Price is determined by the demand curve and in this particular case price should be greater than marginal revenue curve meaning price is greater than $4.50 . Therefore the correct answer is c.the producer charges a price greater than $4.50.
Answer:
The price of pedicure in 1954 = $4.89
Explanation:
The price of pedicure in 1954 = (CPI in 1954 ÷ CPI this year) × Price today = (26.7/245.9) * $45 = $4.89
Therefore, a pedicure cost $4.89 back in 1954.
<span>C: strict liability
I hope this helped ya :)</span>