The Leontief Paradox Provided

question 101

Multiple Choice

The Leontief paradox provided:

• A) Support for the principle of absolute advantage
• B) Support for the factor endowment model
• C) Evidence against the factor endowment model
• D) Evidence against the principle of absolute advantage

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Definitions:

War Production Board

A U.S. government agency established during World War II to coordinate the production of war materials and supplies.

Allocating Resources

The process of distributing available resources, such as finances, materials, and labor, for specific tasks or projects to achieve desired objectives.

Independent Factories

Manufacturing facilities that operate autonomously, not as part of larger conglomerates or corporations, often characterized by specialized production.

Internment

The detention of a group of people, especially during wartime, without trial, often based on their nationality or ethnicity.