What Is a Possible Explanation for the Leontief Paradox

question 64

Multiple Choice

What is a possible explanation for the Leontief paradox?

• A)U.S.imports goods that heavily use skilled labor and innovative entrepreneurship.
• B)U.S.has a special advantage in producing new products made with innovative technologies.
• C)U.S.exports heavy manufacturing products that use large amounts of capital.
• D)U.S.has a strong absolute advantage over all other foreign nations because of its advantageous factor endowments.

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Debit Card

A card that looks like a credit card but works like a check; using it results in a direct, immediate, electronic payment from the cardholder’s checking account to a merchant or third party.