Leontief's Results Were Considered Paradoxical Because the United States Was

question 24

Multiple Choice

Leontief's results were considered paradoxical because the United States was believed to be

• A)technologically efficient relative to the rest of the world.
• B)capital abundant relative to the rest of the world.
• C)labor abundant relative to the rest of the world.
• D)All of the above.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Bottom Line

In finance, it refers to the net income or profit of a business after all expenses have been deducted from revenues. In general use, it means the final outcome or conclusion.

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.