An Economy Has an Agricultural Industry and a Textile Industry

question 220

Multiple Choice

An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.2 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input. Write the technology matrix for this economy. (A, agricultural industry; T, textile industry) ​

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Definitions:

Product Division

A method of organizing a company by specific products or product lines, allowing for focused management and operational strategies.

Similar Tasks

Activities or duties that share common characteristics, objectives, or outcomes, often requiring a similar set of skills or approaches to be completed.

Divisional Structures

An organizational framework dividing a company into semi-autonomous units or divisions, each responsible for a particular set of products, services, markets, or geographical areas.

Duplication of Resources

The unnecessary repetition or wasteful allocation of organizational assets or personnel, often leading to inefficiency and increased costs.