Recent tests suggest that the Leontief Paradox has been completely resolved
Indicate whether the statement is true or false
FALSE
Explanation: At best, recent tests provide mixed evidence on the question and largely negative evidence on the general validity of the Heckscher-Ohlin model.
Economics
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Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True b. False Indicate whether the statement is true or false
Economics
If inflation is the major problem in the economy, which of the following would be an appropriate monetary policy response?
a. decreasing government spending b. decreasing the discount rate c. decreasing reserve requirements d. none of the above
Economics