Consider an open economy with consumption matrix (a) Showthat the economy can meet a
Chapter 1, Problem 7(choose chapter or problem)
Consider an open economy with consumption matrix (a) Showthat the economy can meet a demand of units from the first sector and units from the second sector, but it cannot meet a demand of units from the first sector and unit from the second sector. (b) Give both a mathematical and an economic explanation of the result in part (a).
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