Until recently, per-capita income increased in East Asian countries such as Hong Kong, Singapore, South Korea, and Taiwan by ________-fold every generation

Which of the following statements is NOT an explanation of Leontief's paradox?

a. Leontief ignored the fact that the United States imports a variety of products rather than just one. b. He ignored the fact that U.S. labor is highly skilled. c. He ignored the importance of land as a factor in many U.S. exports. d. rade patterns in 1947 might have been affected by the fact that World War II had ended only two years earlier.

Refer to the graph below for a monopolist in short-run equilibrium. This monopolist:

A. Has a loss per unit equal to DE
B. Has total fixed costs equal to area BEFC
C. Earns positive economic profit equal to the area of ABED
D. Will cease production since its economic profits are negative