Leontief's results were considered paradoxical because the United States was believed to be
A) technologically efficient relative to the rest of the world.
B) capital abundant relative to the rest of the world.
C) labor abundant relative to the rest of the world.
D) All of the above.
B
Economics
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Distinguish a direct and an inverse or negative relationship. Provide an example of each type of relationship
Economics
For a perfectly competitive firm, average revenue is: a. equal to marginal cost at all levels of output
b. equal to marginal revenue at all levels of output. c. equal to price at all levels of output. d. characterized by both (b) and (c).
Economics