An Economy Has a Manufacturing Industry and a Banking Industry

question 167

Multiple Choice

An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. If surpluses of 133 units of manufacturing and 100 units of banking are desired, find the gross production of each industry. ​

• A) manufacturing =424 , banking =264
• B) manufacturing =390 , banking =320
• C)manufacturing =380 , banking =310
• D)manufacturing =380 , banking =320
• E) manufacturing =390 , banking =310

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Definitions:

North American Managers

Individuals in supervisory or executive positions within organizations located in North America, responsible for directing and overseeing business operations.

Repatriation

The process of returning to one's country of origin or citizenship after living abroad.

International Assignment

A work task or role assigned to an employee which involves working in a different country from their home or regular office location.

Codetermination

A practice where workers have a role in company management decisions, typically through participation on corporate boards.