The Following Technology Matrix Describes the Relationship of Certain Industries

question 121

Multiple Choice

The following technology matrix describes the relationship of certain industries within the economy to each other. (A&F, agriculture and food; RM, raw materials; M, manufacturing; F, fuels industry; U, utilities; SI, service industries) ​ ​
How many units of fuels were required to produce 1,000 units of manufactured goods?
​

• A)12.1
• B)8
• C)0.8
• D)3.3
• E)33

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Definitions:

Heckscher-Ohlin Model

A model in international trade theory that explains patterns of trade between countries based on their differences in factor endowments.

Import Goods

These are products brought into one country from another for sale.

Scarce Factors

Resources that are limited in availability and are constraint to economic production.

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.