Economics · Input-Output Analysis
Consider the following statements regarding Input-Output Analysis: (a) Input-output analysis does not concern itself with demand analysis but deals exclusively with technical problems of production. (b) Hawkins-Simon viability condition is satisfied if and only if |I - A| > 0 and all main diagonal elements of the (I - A) matrix are positive. (c) Input-output analysis deals with external economies and diseconomies of production. (d) The standard static input-output model assumes constant returns to scale. Determine whether each statement is True (T) or False (F) in the order (a), (b), (c), (d):
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1F, T, T, F
- 2T, T, F, F
- 3F, F, T, T
- 4T, F, F, T✓
Correct answer
T, F, F, T
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