Leontief suggested that his results were not a paradox once we account for differences in:
a. resource endowments.
b. capital stocks.
c. labor forces.
d. resource productivities.
Ans: d. resource productivities.
You might also like to view...
Refer to the table below. Given that an individual's opportunity cost of time is $30 per hour, which of the two apartments should she rent?
Apartment Monthly Commuting Time (Hours) Monthly Rent ($) 1 60 3,600 2 20 4,500 What will be an ideal response?
The Phillips Curve will shift when
A) the overall employment rate remains unchanged. B) the expected inflation rate changes. C) the price level falls. D) none of the above.
The Gallatin Plan (1808) was not passed because some individuals questioned its constitutionality
Indicate whether the statement is true or false
Which of the following is not a potential supplier of real loanable funds to the real loanable funds market?
a. Domestic savers. b. Foreign savers. c. Domestic businesses. d. Foreign governments. e. All of the above are potential suppliers.