题目内容
The Leontief Paradox suggested that, in contrast to the predictions of the factor-endowment theory, U.S. exports were less capital-intensive than U.S. import-competing goods.
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The specific-factors theory analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
Owners of resources specific to export industries tend to lose from international trade, while owners of factors specific to import-competing industries tend to gain.
The factor-price-equalization theory is a short-run version of the specific-factors theory.
With economies of scale, specialization in a few products allows a manufacturer to benefit from longer production runs which lead to decreasing average cost.
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