Which of the Following Is Not a Possible Source of Bias

question 14

Multiple Choice

Which of the following is not a possible source of bias for the Leontief paradox?

• A)Leontief only used a two-factor model
• B)Leontief did not consider factors such as natural resources
• C)Leontief only used physical capital in the measure of capital
• D)Leontief used Human Capital as an alternative to Physical capital

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Definitions:

Excess Demand

A situation in which the demand for a product exceeds the supply at a set price, leading to shortages.

Bluetooth Headsets

Wireless headsets that use Bluetooth technology to connect with devices such as smartphones, computers, or other electronic devices for audio transmission.

Quantity Demanded

The amount of a good or service that buyers are willing and able to purchase at a specific price.

Excess Demand

Excess demand occurs when the quantity demanded of a good or service at the current price exceeds the quantity supplied, often leading to upward pressure on prices.