Obtain the Technology Matrix from the Input-Output Table A) $A = \left[ \begin{array} { c c c } 0.2 & 0.5 & 0 \\0.1 & 0 & 0 \\0.1 & 0.1 & 0.2\end{array} \right]$

question 130

Multiple Choice

Obtain the technology matrix from the input-output table. $$\begin{array} { | r | c | c | c | } \hline \text { to } & \text { A } & \text { B } & \text { C } \\\hline \text { from } \mathbf { A } & 0 & 200 & 300 \\\hline \mathbf { B } & 500 & 400 & 300 \\\hline \mathbf { C } & 0 & 0 & 600 \\\hline \text { Total Output } & 1,000 & 2,000 & 3,000 \\\hline\end{array}$$

• A) \(A = \left[ \begin{array} { c c c }
• 0.2 & 0.5 & 0 \\
• 0.1 & 0 & 0 \\
• 0.1 & 0.1 & 0.2
• \end{array} \right]\)
• B) \(A = \left[ \begin{array} { c c c }
• 0 & 0 & 0.5 \\
• 0.1 & 0.2 & 0 \\
• 0.1 & 0.1 & 0.2
• \end{array} \right]\)
• C) \(A = \left[ \begin{array} { c c c }
• 0 & 0.1 & 0.1 \\
• 0.5 & 0.2 & 0.1 \\
• 0 & 0 & 0.2
• \end{array} \right]\)
• D) \(A = \left[ \begin{array} { c c c }
• 0 & 0.5 & 0 \\
• 0.1 & 0.2 & 0 \\
• 0.1 & 0.1 & 0.2
• \end{array} \right]\)
• E) \(A = \left[ \begin{array} { c c c }
• 0.2 & 0 & 0.5 \\
• 0.2 & 0 & 0 \\
• 0.1 & 0.1 & 0.1
• \end{array} \right]\)

Understanding the principles of market efficiency and scarcity.

Evaluating the trade-offs between efficiency and equity in resource allocation.

Comprehending the concept of opportunity cost and its role in decision-making.

Understanding the rationale for individuals allowing for leisure in their schedules.

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Definitions:

Identification

The process of associating oneself with certain groups, ideals, or characteristics, often as part of developing one's identity.

Effect Dependence

A condition or situation where the outcomes or consequences depend significantly on specific actions, variables, or factors.

Compliance

The act of conforming to established guidelines, standards, or regulations.

Identification

involves the process by which an individual aligns their attitudes and behaviors with those of a group or role model.