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What occurred to the Leontief paradox when human capital embodied in the U.S. exports was accounted for as a separate factor of the production? Does this aid to describe why college graduates might favour international trade more than those with considerably less education and training? Is your answer to the second problem consistent with predictions of Stopler-Samuelson theorem?

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Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M914032

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