An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.4 unit of manufacturing and 0.1 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. Write the technology matrix for this economy. (M, manufacturing industry; B, banking industry)
A) 
B) 
C) 
D) 
E) 
Correct Answer:
Verified
Q198: Set up the system of equations and
Q199: Set up the system of equations and
Q200: Suppose a primitive economy consists of two
Q201: Suppose that an economy has the technology
Q202: The sales department of an auto dealership
Q204: An underdeveloped country has an agricultural industry
Q205: An economy has a manufacturing industry and
Q206: A primitive economy has a mining industry
Q207: Suppose an economy has the technology matrix
Q208: Suppose that an economy can be represented
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents