What Is a Possible Explanation for Observing the Leontief Paradox

question 49

Multiple Choice

What is a possible explanation for observing the Leontief paradox?

• A) The Leontief paradox makes perfect sense.
• B) The U.S. has a special advantage in producing new products or goods made with innovative technologies.
• C) Other countries don't have the technologies that the U.S. has.
• D) Labour costs are much lower in developing countries.
• E) For many products the market size is much larger in India and China.

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Definitions:

Chasing Games

A category of playful activities in which participants run after each other in an attempt to "catch" or tag one another.

Social Constructionism

A theory that examines the ways in which individuals and groups create their perceived reality through social interaction and cultural practices.

Natural or Innate Features

Characteristics or qualities that individuals are born with, not acquired through learning or environmental influence.

Historical

Pertaining to past events or the study of history, often involving the analysis of records and artifacts to understand human activity over time.