Solved

Suppose an Economy Has Two Industries, Agriculture and Minerals

Question 196

Multiple Choice

Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A. ​ Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A. ​   ​ If surpluses of 40 agricultural units and 70 mineral units are desired, find the gross production to the nearest unit for each industry. ​ A) agriculture = 167, minerals = 103 B) agriculture = 65, minerals = 167 C) agriculture = 71, minerals = 96 D) agriculture = 71, minerals = 103 E) agriculture = 65, minerals = 96
If surpluses of 40 agricultural units and 70 mineral units are desired, find the gross production to the nearest unit for each industry.


A) agriculture = 167, minerals = 103
B) agriculture = 65, minerals = 167
C) agriculture = 71, minerals = 96
D) agriculture = 71, minerals = 103
E) agriculture = 65, minerals = 96

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents