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Suppose the Technology Matrix for a Closed Model of an Economy

question 202

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Suppose the technology matrix for a closed model of an economy is given by matrix A. Find the gross productions for the industries. ​ Suppose the technology matrix for a closed model of an economy is given by matrix A. Find the gross productions for the industries. ​   ​ A)  shipping =   households, manufacturing =   households B)  shipping =   households, manufacturing =   households C)  shipping =   households, manufacturing =   households D)  shipping =   households, manufacturing =   households E)  shipping =   households, manufacturing =   households


Definitions:

Financial Option

A contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price.

Fixed Price

An agreed upon price for goods and services that remains constant, unaffected by the fluctuations in the market or resource costs.

Risk Averse

A description of an investor's preference for lower risk, opting for surety over a gamble with potentially higher returns but higher uncertainty.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business, critical for daily operations, taxes, purchasing inventory, and paying employees.

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