Consider a simple economy whose only industry is printing. In this industry, productivity-- the amount of goods and services a worker can produce per hour-- is measured bu the number of documents one worker prints per hour.
In the following maych each example to the productivity determinant it represents:
a. Human Capital per Worker
b. Natural Resources per Worker
c. Physical Capital per Worker
d. Technological Knowledge
1. The trees that are used to create pulp for the production of paper
2. A way of organizing workers among the printing presses that speeds up the printing process
3. The presses used to print documents
4. The knowledge workers receive from training sessions on how to use and repair the printing presses
Answers: 3
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Consider a simple economy whose only industry is printing. In this industry, productivity-- the amou...
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