Question

leontief paradix diagram explanation?​

Answer 1

Answer:

Leontief's paradox in economics is that a country with a higher capital per worker has a lower capital/labor ratio in exports than in imports. This econometric finding was the result of Wassily W. Leontief's attempt to test the Heckscher–Ohlin theory ("H–O theory") empirically.

Explanation:

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Answer 2

:Answer: _____________________

●Countries observe the Leontief paradox to keep track of their labor and capital intensity within given periods and keep track of any changes that may occur. A country that is rich in the capital is considered capital intensive, while a country that has high labor is considered labor-intensive.

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● For instance, both the United States and Germany are developed countries with a significant demand for cars, so both have large automotive industries. Rather than one country dominating the industry with a comparative advantage, both countries trade different brands of cars between them.

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