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2. The determinants of productivity Consider a simple economy whose only industry is printing. In this industry, productivity-the amount of goods and services a worker can produce pr hour-is measured by the number of documents one worker prints per hour.

2. The determinants of productivity Consider a simple economy whose only industry is printing. In this industry, productivity-the amount of goods and services a worker can produce pr hour-is measured by the number of documents one worker prints per hour.

Economics:
Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 14E
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2. The determinants of productivity 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 The knowledge workers receive from training sessions on how to use and repair the printing presses The presses used to print documents A way of organizing workers among the printing presses that speeds up the printing process The trees that are used to create pulp for the production of paper Human Capital per Worker O Natural Resources per Worker O Physical Capital Technological per Worker Knowledge O O O
Transcribed Image Text:2. The determinants of productivity 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 The knowledge workers receive from training sessions on how to use and repair the printing presses The presses used to print documents A way of organizing workers among the printing presses that speeds up the printing process The trees that are used to create pulp for the production of paper Human Capital per Worker O Natural Resources per Worker O Physical Capital Technological per Worker Knowledge O O O
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