2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this industry, producti

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2 The Determinants Of Productivity Consider A Simple Economy Whose Only Industry Is Weaving In This Industry Producti 1 (23.83 KiB) Viewed 12 times

2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of garments one weaver makes per hour. In the following table, match each example to the productivity determinant it represents. Human Capital per Worker Examples The grasslands supporting the sheep whose wool is used for weaving The accumulated weaving experience of the workforce The looms used to weave the textiles A special technique that workers can use to create stronger textiles Natural Resources per Worker Physical Capital per Worker Technological Knowledge O O O