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.

Question

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

Accepted Answer

The examples when matched to theproductivity determinantitrepresentsare:The grasslands supporting the sheep whose wool is used for weaving - Natural Resources per WorkerA special technique that workers can use to create stronger textiles - Technological KnowledgeThe accumulated weaving experience of the workforce - Human Capital per WorkerThe looms used to weave the textiles - Physical Capital per WorkerHow to match to productivity determinants ?Theavailabilityand quality ofnatural resources, in this case, the quality of the grasslands supporting the sheep, impact the productivity of the weavers because it determines the availability and quality of raw materials (wool) for weaving.Technological knowledgerefers to the techniques, methods, and knowledge that workers possess to improve their productivity. In this case, the special technique enhances the quality and strength of the textiles produced.Human capitalrepresents the skills, knowledge, and experience of the workforce. The accumulatedweavingexperienceof the workers indicates the level of expertise and skill within the industry, which can significantly affect productivity.Find out more onproductivity determinantsatbrainly.com/question/33558950#SPJ3...

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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.