The Leontief Paradox

question 52

Multiple Choice

The Leontief paradox

• A) supported the factor-endowment theory.
• B) concluded that exports were less capital intensive than import-competing goods.
• C) found that national income differences underlie world trade patterns.
• D) implied that diseconomies of scale occur at low output levels.

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Definitions:

Irritable Bowel Syndrome

A gastrointestinal disorder characterized by abdominal pain and changes in bowel habits without any underlying damage.

Lay Referral Network

The network of family and friends from whom a person may first seek medical information and advice.

Medical Care

The services provided by health professionals to diagnose, treat, and prevent disease, illness, injury, and other physical and mental impairments.

Lay Referral Network

A system through which individuals seek and receive health advice or recommendations from non-professional acquaintances, family, and friends.