Problem1 what was the leontief paradox and why was it a, Ask an Expert

Economics

Problem

1. What was the "Leontief paradox," and why was it a paradox?

2. What do you think is the major defect in the Leontief test that might have caused the paradox to occur? Why?

3. How might the existence of factor-intensity reversals be a reason for the Leontief paradox? How might the existence of demand reversal?

4. If you have traveled in a foreign country, would your observations confirm the view that the country's demand patterns reflect consumer preferences in that country for goods produced with the country's relatively abundant factor of production?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92756491

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