The Leontief paradox found that:
a. exports should always be capital intensive.
b. imports should always be labor intensive.
c. U.S. exports were labor intensive.
d. U.S. exports were capital intensive
Ans: c. U.S. exports were labor intensive.
Economics
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When a nation's currency appreciates, it purchases ___ units of a foreign currency and its currency is said to__
a. fewer; strengthen b. more; strengthen c. fewer; weaken d. more; weaken
Economics
Georg, a German citizen, just purchased 10 shares of stock in Microsoft, a U.S. company. This purchase is an example of
A) foreign public investment. B) foreign direct investment. C) contractual globalization. D) foreign portfolio investment.
Economics