Suppose That an Economy Has the Technology Matrix Below

question 154

Multiple Choice

Suppose that an economy has the technology matrix below. If surpluses of 56 units of manufactured goods and 104 units of agricultural goods are desired, find the gross production of each industry. ​ ​

• A) service = 75, manufacturing = 220, agriculture = 200
• B) service = 75, manufacturing = 220, agriculture = 210
• C) service = 70, manufacturing = 220, agriculture = 200
• D) service = 70, manufacturing = 250, agriculture = 200
• E) service = 75, manufacturing = 250, agriculture = 210

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Definitions:

Possible

Capable of happening or existing under the right circumstances.

Impossible

That which cannot occur, exist, or be done; a situation or condition not feasible within the current laws of physics or reality.

Defensive Self-esteem

Self-esteem that is fragile and sensitive to criticism, often leading individuals to respond defensively to perceived threats.

Self-serving Bias

The common tendency to attribute positive events to one’s own character but attribute negative events to external factors.