Which of the following is the condition(s) of economic viability and technological feasibility of…
Hawkins–Simon positivity conditions on I−A establish a productive nonnegative input–output solution under the usual assumptions. A Perron root must specifically be below…
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Which of the following is the condition(s) of economic viability and technological feasibility of Leontief’s static model ?
Answer and explanation
Correct answer D
Hawkins–Simon positivity conditions on I−A establish a productive nonnegative input–output solution under the usual assumptions. A Perron root must specifically be below one; naming the root alone states no condition.
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UGC NET Economics