If the capital/labor ratio in import - competing industries in country A is $8,000 per worker and the capital/labor ratio in A 's export industries is $4,000 per worker, then country A's "Leontief statistic" is a. 0.50 b. 0.67 c. 1.00 d - 2.00

If the capital/labor ratio in import - competing industries in country A is $8,000 per worker and the capital/labor ratio in A 's export industries is $4,000 per worker, then country A's "Leontief statistic" is a. 0.50 b. 0.67 c. 1.00 d - 2.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the capital/labor ratio in import-competing industries in country A is $8,000 per worker and the capital/labor ratio in A
's export industries is $4,000 per worker, then country A's "Leontief statistic" is
a. 0.50 b. 0.67 c. 1.00 d
2.00

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