The Leontief Paradox

question 28

Multiple Choice

The Leontief Paradox

• A) failed to support the validity of the Heckscher-Ohlin model.
• B) supported the validity of the Ricardian theory of comparative advantage.
• C) supported the validity of the Heckscher-Ohlin model.
• D) failed to support the validity of the Ricardian theory.
• E) proved that the U.S. economy is different from all others.

Explain the factors that make punishment effective or ineffective.

Recognize the role of cognitive processes in learning, beyond strict behaviorist explanations.

Understand the biological constraints on learning, including instinctive drift and conditioned taste aversions.

Describe the impact of observational learning and modeling on behavior.

---

Definitions:

Profitability Index

A calculation used to assess the desirability of an investment, based on its present value of future cash flows relative to its initial cost.

NPV Profile

A graph that depicts the relationship between a project's net present value (NPV) and various discount rates, helping to assess the project's risk and potential profitability.

Horizontal Axis

The x-axis in a graph or chart, representing a dependent variable in data comparison exercises.

Internal Rate

The Internal Rate of Return (IRR), a measure used to evaluate the profitability of potential investments.