The technique called input-output analysis relies heavily on
A. a mathematical framework that includes details for each product.
B. a model that incorporates the interdependence of the economies industries.
C. large amounts of production data.
D. All of these responses are correct.
Answer: D
Economics
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Soda and hot dogs are complements for one another. If a shortage of carbonated water leads to an increase in the price of soda, then the
A) demand for hot dogs increases. B) demand for hot dogs decreases. C) quantity of hot dogs demanded increases. D) quantity of hot dogs demanded decreases. E) More information is needed to determine if the demand increases or decreases.
Economics
Full employment occurs only when the unemployment rate is 0%
a. True b. False
Economics