An Economy Has a Manufacturing Industry and a Banking Industry

question 179

Multiple Choice

An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.4 unit of manufacturing and 0.1 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking. Write the technology matrix for this economy. (M, manufacturing industry; B, banking industry) ​

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Definitions:

Antitrust Violations

Activities that reduce or prevent competition, deemed illegal under antitrust laws designed to promote fair competition.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to preserve free and unfettered competition as the rule of trade.

American Tobacco

A historical company involved in the manufacturing and selling of tobacco products, once a major player in the tobacco industry.

United States Steel

A major American integrated steel producer with major production operations in the United States and Central Europe.