Suppose That an Economy Can Be Represented by the Technology

question 58

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:

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The skills, knowledge, and abilities that individuals need to perform a job or task effectively.

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