Suppose a Simple Economy with Only an Agricultural Industry and a Steel

question 163

Multiple Choice

Suppose a simple economy with only an agricultural industry and a steel industry has the following technology matrix. ​ ​
If surpluses of 15 units of agricultural products and 34 units of steel are desired, find the gross production to the nearest unit of each industry.
​

• A)agriculture = 74, steel = 103
• B)agriculture = 175, steel = 174
• C)agriculture = 174, steel = 175
• D)agriculture = 71, steel = 103
• E)agriculture = 74, steel = 101

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Definitions:

Coracoid Process

A small hook-like structure on the lateral edge of the superior anterior portion of the scapula (shoulder blade).

Medial Cuneiform

One of the bones in the foot, located in the medial side of the midfoot, contributing to the arch of the foot.

Scaphoid Bone

One of the carpal bones in the wrist, located on the thumb side, playing a key role in wrist movement and stability.

Hamate

A carpal bone found in the wrist, identifiable by its hook-like shape.