Suppose That an Economy Can Be Represented by the Technology

question 70

Multiple Choice

Suppose that an economy can be represented by the technology matrix below. If surpluses of 180 units of fishing output, 93 units of agricultural goods, and 40 units of mining goods are desired, find the gross production to the nearest unit of each industry. ​ ​

• A)fishing = 632, agriculture = 796, mining = 570
• B)fishing = 633, agriculture = 796, mining = 568
• C)fishing = 632, agriculture = 796, mining = 568
• D)fishing = 632, agriculture = 793, mining = 568
• E)fishing = 633, agriculture = 793, mining = 570

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Definitions:

Moral Development

Moral development refers to the process by which people develop values, ethics, and understanding of right and wrong, often conceptualized through stages in psychological models.

Lawrence Kohlberg

Lawrence Kohlberg was a psychologist known for his theory of the stages of moral development, which proposed that individuals progress through a series of ethical reasoning levels.

Ethical Business Behavior

Conduct that is consistent with the principles of honesty, fairness, and integrity in business operations.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, and social responsibility.