Leontief used an input-output table in order to test the
A) classical theory.
B) the Heckscher-Ohlin theory.
C) the Linder hypothesis.
D) All of the above.
B
You might also like to view...
The opportunity cost of capital for a consumer's investment decision depends on their financial situation. Which rate should the consumer use?
A) The interest rate on investment opportunities if the consumer is a net saver. B) The interest rate paid on debts if the consumer is a net debtor. C) A and B are correct D) The same interest rate that local firms use to analyze their investment opportunities.
Which of the following is a true role of education in the process of economic development?
a. Education helps people to make better use of available resources. b. Increased focus on theoretical education lowers technical experience. c. Education makes people less receptive to new ideas. d. Investment in education crowds out the funds available for investing in physical capital.