What do you mean by the leontief paradox and explain how

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Reference no: EM13390864

1. Define the Leontief paradox, and discuss how Raymond Vernon's product cycle theory might help explain this paradox.

2. Write a brief explanation of each of the following terms:

a. terms-of-trade argumentforprotection
b. intra-industry trade
c. factor price equalization theorem

Reference no: EM13390864

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