The Leontief study testing the Heckscher-Ohlin theory showed that a) The US exported capital-intensive goods and imported labour-intensive goods. b) The US exported labour-intensive goods and imported labour-intensive goods. c) Even though the US was a capital abundant nation, it exported labour intensive goods. d) The US was a capital abundant nation and therefore, exported capital intensive goods.
The Leontief study testing the Heckscher-Ohlin theory showed that a) The US exported capital-intensive goods and imported labour-intensive goods. b) The US exported labour-intensive goods and imported labour-intensive goods. c) Even though the US was a capital abundant nation, it exported labour intensive goods. d) The US was a capital abundant nation and therefore, exported capital intensive goods.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The Leontief study testing the Heckscher-Ohlin theory showed that
a) The US exported capital-intensive goods and imported labour-intensive
goods.
b) The US exported labour-intensive goods and imported labour-intensive
goods.
c) Even though the US was a capital abundant nation, it exported labour
intensive goods.
d) The US was a capital abundant nation and therefore, exported capital
intensive goods.
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