Leontief Paradox Flashcards
1
Q
According to the _______________, a country rich in a particular resources should be exporting products that will use that resource and imports products made from resources that the country lacks
A
Heckscher-Online theory
2
Q
The first serious to attempt to test the HO theory was
A
Wassily W. Leontief
3
Q
It showed that in the international division of labor, the US specialized in labor intensive rather than capital intensive goods
A
Leontief Paradox
4
Q
It is a seemingly absurb or self-contradictory statement or proposition that when investigated or explained may prove to be well founded or true
A
Paradox
