The Leontief Paradox Is the Surprising Discovery by the Economist

question 59

Essay

The Leontief paradox is the surprising discovery by the economist Wassily Leontief in 1951 that:
A.U.S.exports were less capital-intensive than U.S.imports.
B.the value of U.S.exports and imports was much lower than the corresponding value for other industrialized countries.
C.U.S.imports were growing much faster than U.S.exports.
D.exports and imports for most European countries were growing much faster than U.S.exports and imports, even though the United States placed fewer restrictions on international trade.

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Definitions:

Primary Mental Abilities

a theory suggesting that intelligence is made up of several primary abilities, such as reasoning, verbal comprehension, numerical skills, and spatial visualization, that are distinct from each other.

L.L. Thurstone

A pioneering psychologist known for his contributions to psychometrics and the theory of multiple intelligences.

Deviation IQ Scores

A method of measuring intelligence where an individual's score is expressed as a deviation from the mean score of a standardization sample.

Raw Scores

The initial, unmodified scores obtained from assessments or tests before being transformed through scaling, norming, or statistical adjustments.