Consider the PPF for office buildings and housing shown in the figure above. Which point in the diagram shows that resources to produce office buildings and housing are being misallocated, unused, or both?

Write an essay on the Leontief Paradox. Include in your discussion what Leontief found that was so paradoxical as well as a brief description of several of the various reconciliations that have been offered to explain the Paradox

What will be an ideal response?

The assumption that nothing changes except the variables being studied is

A) the ceteris paribus assumption. B) the rationality assumption. C) positive economic analysis. D) normative economic analysis.