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Q. Why do we observe the Leontief paradox?
Answer: There are several possible answers that they may be categorized into three groups. One would argue that the theory or model is wrong. The other would dispute that the theory is correct (internally consistent and descriptive of real world data) however the real world data is incorrectly defined perceived, or measured. The third would dispute that the statement itself is wrong, and that in reality the Leontieff paradox itself isn't actually observed, but somewhat is due to faulty logical rendering of the original model.
Q. What are the predictions of the PPP theory with regard to the real exchange rates? Answer: The real exchange rate among two countries is a broad summary measure of
As the world seeks to find alternative means to produce clean power, fuel cells emerge as a promising source of power generation. Depending on their type, fuel cells can be utilize
what is the publication of opportunity cost theory?
Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it is still defici
How to derive offer curve and its difference from reciprocal demand curve
Q. What are the main lessons economists learned from the developing country crisis? Answer: 1. select the right exchange rate regime. 2. The central significance of
offer curves, terms of trade and terms of trade as a measure of gain
Can you brief this concept for me?
what is meant by country specific advantage?
Q. Explain why the European Union's current combination of rapid capital migration with limited labor migration may actually raise the cost of adjusting to product market shocks wi
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