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 by the number of documents one worker prints 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 knowledge workers receive from training sessions on how to use and repair the printing presses The presses used to print documents The trees that are used to create pulp for the production of paper A way of organizing workers among the printing presses that speeds up the printing process
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 by the number of documents one worker prints 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 knowledge workers receive from training sessions on how to use and repair the printing presses The presses used to print documents The trees that are used to create pulp for the production of paper A way of organizing workers among the printing presses that speeds up the printing process
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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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 by the number of documents one worker prints 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 knowledge workers receive from training sessions on how to use and repair the printing presses |
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The presses used to print documents |
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The trees that are used to create pulp for the production of paper |
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|
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A way of organizing workers among the printing presses that speeds up the printing process |
|
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|
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