If the Capital/labor Ratio in Import-Competing Industries in Country a Is

question 21

Multiple Choice

If the capital/labor ratio in import-competing industries in country A is $8,000 per worker and the capital/labor ratio in A's export industries is $4,000 per worker, then country A's "Leontief statistic" is __________.

• A) 0.50
• B) 0.67
• C) 1.00
• D) 2.00

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Definitions:

Evaluation Phase

The stage in a product or project lifecycle where its performance, effectiveness, or value is assessed.

Strategic Marketing Process

An approach to creating, implementing, and evaluating marketing strategies that align with an organization's long-term goals and meet market needs effectively.

Marketing Program

A strategic plan that combines all of a company's marketing goals and initiatives into one comprehensive effort.

Comparing Results

The process of examining and assessing the differences between two or more outcomes, measurements, or data sets to draw conclusions.