Uisng Scottish Government input output tables for 2019, look at the ten sectors in food and drink production (SIC10.1 Meat processing" to 11.07 "Soft drinks". Which sector has the highest output? Question 5Answer a. SIC 11. 07 "Soft drinks" b. SIC 11.01 -0.4 "Spirits and Wines" c. SIC 10.7 "Bakery and farinaceous" d. SIC 10.2-3 "Fish and fruit processing"

Uisng Scottish Government input output tables for 2019, look at the ten sectors in food and drink production (SIC10.1 Meat processing" to 11.07 "Soft drinks". Which sector has the highest output? Question 5Answer a. SIC 11. 07 "Soft drinks" b. SIC 11.01 -0.4 "Spirits and Wines" c. SIC 10.7 "Bakery and farinaceous" d. SIC 10.2-3 "Fish and fruit processing"

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Based on Figure 22, choose the correct statement. Assume that cloth is the labor- intensive commodity and that corn is the capital-intensive commodity. Figure 22. Economic growth in Nation 1. Com (Tons) 80 70 PM PB 1 PB 1 20 M 10 %3D 30 120 250 Cloth (Yards) 1) Output of corn does not decrease as suggested by the Rybczynski theorem. 2) Output of cloth less than doubled as suggested by the Rybczynski theorem. 3) Output of corn more than doubled as suggested by the Rybczynski theorem. 4) Output of cloth more than doubled as suggested by the Rybczynski theorem. 89
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1. Consider a simple example economy where there are three companies. Gelato Inc. is an Italian company that produces ice cream; it is located in St. Louis but owned by an Italian chemist who sends from time to time secret formulas for new flavors. Milky Way is a milk producer in the St. Louis area. Finally, Sweetyou is a sugar producer, also located in St. Louis. In 2019, Gelato Inc. produced and sold to consumers $500 worth of ice cream, using $50 of sugar and $100 of milk. It also paid $150 in wages and $50 in taxes. Milky Way produced $200 worth of milk. It sold $100 to Gelato Inc. and $100 to the consumers. It paid $100 in wages, $20 in interests on a previous loan, and $30 in taxes. Sweetyou produced $200 worth of sugar, of which $50 was sold to Gelato Inc., $100 was exported to France, and the remaining was unsold. Sweetyou paid wages for $100 and $40 in taxes. The government in this St. Louis based economy provides public services for which it employs labor and basic income for…
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