Business
Business, 20.03.2020 09:14, ssuereichard

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.

Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge
The grasslands supporting the sheep whose wool is used for weaving
A special technique that workers can use to create stronger textitles
The accumulated weaving experience of the workforce
The icoms used to weave the textiles

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Consider a simple economy whose only industry is weaving. In this industry, productivity- the amount...

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