Question: Leontief's paradox is an example of testing a trade model using actual data observations. If Leontief had observed that the amount of labor needed per
Leontief's paradox is an example of testing a trade model using actual data observations. If Leontief had observed that the amount of labor needed per $1 million of U.S. exports was 100 person-years instead of 182, would he have reached the same conclusion? Explain.
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