题目内容
According to the factor-price-equalization theory, international trade results in the relative differences in resource prices between trading nations being eliminated.
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Empirical testing by Wassily Leontief gave support to the Heckscher-Ohlin theory of trade.
The Leonties Paradox was the first major challenge to the product-life-cycle theory of trade.
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.
The specific-factors theory analyzes the income distribution effects of trade in the short run when resources are immobile among industries.
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