Which of the Following Factors Were Not Considered Within the Framework

question 30

Multiple Choice

Which of the following factors were not considered within the framework of the Leontief paradox?

• A)Human capital
• B)Physical capital
• C)Natural resources
• D)Both A & C

---

Definitions:

United States

A country located in North America, consisting of 50 states and known for its large economy and diverse population.

Greece

A country in southeastern Europe known for its rich history, archaeological sites, and significant contributions to Western civilization's art, philosophy, and politics.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.

Resources

Assets, materials, and inputs used to produce goods and services, including time, labor, capital, and natural resources.