Leontief reconciled his results by arguing that
A) American labor is more efficient than foreign.
B) American capital is more efficient than foreign.
C) Foreign capital is more efficient than American.
D) Foreign labor is more efficient than American.
A
Economics
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An increase in the marginal propensity to consume will result in a(n): a. steeper consumption function
b. flatter consumption function. c. upward shift of the consumption function. d. downward shift of the consumption function.
Economics
The owners of capital resources are compensated according to the
a. purchase price of the capital stock. b. marginal product of capital. c. value of the marginal product of capital. d. absolute level of production of final goods and services.
Economics