A simple economy has an electronic components industry and a computers industry. Each unit of electronic components output requires inputs of 0.3 unit of electronic components and 0.2 unit of computers. Each unit of computer industry output requires inputs of 0.8 unit of electronic components and 0.1 unit of computers. Write the technology matrix for this simple economy. (E, electronics components industry; C, computer industry)

Question

A simple economy has an electronic components industry and a computers industry. Each unit of electronic components output requires inputs of 0.3 unit of electronic components and 0.2 unit of computers. Each unit of computer industry output requires inputs of 0.8 unit of electronic components and 0.1 unit of computers. Write the technology matrix for this simple economy. (E, electronics components industry; C, computer industry) ​

Quizplus · Accepted Answer

The technology matrix for this simple economy is:

| E  | C 
---- | -- | --
E    | 0.3| 0.2 
C    | 0.8| 0.1

Therefore, the correct choice is C.

A Simple Economy Has an Electronic Components Industry and a Computers