An Economy Has an Agricultural Industry and a Textile Industry

question 171

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 0.1 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input. If surpluses of 5 units of agricultural products and 195 units of textiles are desired, find the gross production of each industry. ​

• A)agriculture = 60, textiles = 240
• B)agriculture = 50, textiles = 250
• C)agriculture = 60, textiles = 250
• D)agriculture = 300, textiles = 250
• E)agriculture = 60, textiles = 300

Recognize the importance of codes of conduct and how they aid in ensuring ethical compliance within firms.

Understand the role and impact of green marketing and sustainability initiatives in modern business practices.

Analyze the ethical implications of promotional strategies and advertising practices.

Understand the basic concept of social responsibility in a business context.

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