2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this industry, producti
Posted: Wed Jul 06, 2022 6:33 pm
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