Management Notes

Reference Notes for Management

Which of the following statements is true of the Leontief Paradox?

Which of the following statements is true of the Leontief Paradox?

Which of the following statements is true of the Leontief paradox?

A) It shows an anomaly that occurs when a nation has high domestic demand for a product.
B) It explains the relationship between domestic demand and comparative advantage.
C) It disproved Ricardo’s theory of comparative advantage.
D) It raised questions about the validity of the Heckscher-Ohlin theory.

Read more