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:

Alternative Hypothesis

A statistical hypothesis that suggests there is a difference or relationship between two variables, as opposed to the null hypothesis, which suggests there is no effect or relationship.

Scientific Methods

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formulation, experimentation, and conclusion drawing.

Positive Feedback Loop

A process where the end product of an action causes more of that action to occur in a feedback loop that amplifies itself.

Negative Feedback Loop

A process in a system where some function of the output of a system process reduces the effect of changes in the input, stabilizing the system.