Answer:Leontief’s paradox
Explanation: Leontief's paradox in economics states that a country with a higher capital per worker has a lower capital/labor ratio in exports than in the imports.
Leontief’s first study was based on computation from input output tables constructed for the year 1947. He computed for various industries the direct and indirect capital and labour required to produce a given dollar value of output. He then calculated the effects on capital and labour use of a given reduction in both U.S. imports and exports so that the relative commodity composition of exports and imports remained the same.
So, a LDC exports embodies less capital and more labour than would be required to expand domestic output to provide an equivalent amount of competitive imports.
Answer:
thx
Explanation:
have a great thanksgiving!!!!!!!!!!!!!!
The Spanish- American war was a significant part of history due to the fact that it was a big turning point for the two countries. The war was declared on April 24th, and was followed by the American declaration of war the next day. Adm. Pascual Cervera surrendered on July 17th ending the war.
Answer:
Limits to section advantage existing firms since they secure their bit of the pie and ability to deliver earnings and advantages. Typical hindrances to area join uncommon expense decreases to existing firms, patent protections, strong brand character, customer devotion, and high customer trading costs.
