The technique that addresses the problem of assigning inputs to specific industries is
A)known as laissez faire.
B)input-output analysis.
C)cost-benefit analysis.
D)a production possibilities frontier.

Question

Quizplus · Accepted Answer

Input-output analysis is a technique used to study the interdependence of different industries in an economy by analyzing the flow of goods and services between them. This technique helps to determine how inputs are allocated to different industries and can be used to develop strategies for promoting economic growth and increasing efficiency. The other options do not directly address the problem of assigning inputs to specific industries.

The Technique That Addresses the Problem of Assigning Inputs to Specific