S than in the other countries us is abundant in

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Unformatted text preview: pital- intensive goods and import labor- intensive goods. In other words, capital- labor ratio should be higher in U.S. exports. Therefore, Leontief’s finding was a paradox. Economists offered several explanations to the paradox, such as: • • • • • • U.S. and foreign technologies are not the same...
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This note was uploaded on 02/10/2014 for the course ECON 370 taught by Professor Staff during the Fall '08 term at Purdue.

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