The Leontief paradox describes evidence ________
A) in support of the predictions of the mercantilist theory
B) contrary to the predictions of the factor proportions theory
C) that the assumptions of international product life cycle theory are invalid
D) that the assumptions of the new trade theory are invalid
B
Business
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When a firm buys on the marketplace what it cannot make itself, the costs incurred are referred to as
A) switching costs. B) network costs. C) procurement. D) agency costs. E) transaction costs.
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The benefits of licensing and partnering are that the exporting firm does not have to globalize to make sales in international markets
Indicate whether the statement is true or false
Business