2. The determinants of productivity Suppose there is a simple hypothetical economy in which the only industry is weaving. In the weaving field, 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, select the appropriate productivity determinant that represents each example. Human Capital per Worker Natural Resources per Worker Examples The grasslands supporting the sheep whose wool is used for weaving A special technique that workers can use to create stronger textiles The accumulated weaving experience of the workforce O O O O O O Physical Capital per Worker O O O Technological Knowledge O O O
2. The determinants of productivity Suppose there is a simple hypothetical economy in which the only industry is weaving. In the weaving field, 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, select the appropriate productivity determinant that represents each example. Human Capital per Worker Natural Resources per Worker Examples The grasslands supporting the sheep whose wool is used for weaving A special technique that workers can use to create stronger textiles The accumulated weaving experience of the workforce O O O O O O Physical Capital per Worker O O O Technological Knowledge O O O
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 10P
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