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Natalka [10]
3 years ago
10

Which of the following explanations resolve the Leontief paradox?a. Leontief assumed that U.S. and foreign technologies were the

same, while the Heckscher-Ohlin model assumes they are different. b. Leontief ignored land abundance in the United States.c. Leontief wrongly assumed that the United States was abundant in capital.d. Leontief’s test distinguished between skilled and unskilled labor, but ignored capital.
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:A. Leontief assumed that U.S. and foreign technologies were the same, while the Heckscher-Ohlin model assumes they are different

B. Leontief ignored land abundance in the United States

D. Leontief’s test distinguished between skilled and unskilled labor, but ignored capital.

Explanation:Leontief paradox is a Russian-American economist, his work was based on the work of Wassily W. Leontief he attempted to test the Heckscher–Ohlin theory ("H–O theory") empirically.

in economics tries to explain that a country with a higher capital per worker has a lower Capital per labor ratio in export than when compared to Import.

LEONTIEF IGNORED THE ABUNDANCE OF LAND IN MAKING HIS ASSUMPTIONS

HE ALSO CLASSIFIED THE U.S TECHNOLOGY AND OTHERS AS THE SAME WHICH IS NOT IN LINE WITH THE H-O MODEL ASSUMPTION.

LEONTIEF THEORY IGNORED CAPITAL DURING HIS TEST.

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I expect the answer in the following form

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An increase in the price of oil will a. shift the supply curve of oil to the left. b. shift the supply curve of oil to the right
klasskru [66]

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The correct answer is option c.

Explanation:

An increase in the price of oil will cause the quantity demanded of a commodity to decline and the quantity supplied to increase. This will cause a surplus in the market.

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This is because of the law of demand and supply.

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Similarly, the law of supply states that the price of a commodity is positively related to the quantity demanded of a commodity.

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Productivity is output multiplied by worker hours. <br><br> a. True <br><br> b. False
ser-zykov [4K]

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On November 1, 2018, ABC signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six mo
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Answer:

ABC

In recording the payment of the note plus accrued interest at maturity on May 1, 2019, ABC would: __________

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Debit Interest Expense $2,000

Debit Notes Payable $100,000

Credit Cash $103,000

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