Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount of goods and services a worker can produce perhour-is measured by the number of fish one fisherman catches per hour.In the following table, match each example to the productivity determinant it represents.Natural ResourcesTechnologicalKnowledgeHuman CapitalPhysical CapitalExamplesper Workerper Workerper WorkerA route fishing boats can follow to maximizetheir catch at different points in the dayThe skills workers develop through trainingbefore working on and piloting boatsThe boats in the fishing fleetThe fertile waters in which the fish feed andbreed

Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents. Human Capital Natural Resources Physical Capital Technological Knowledge Examples per Worker per Worker per Worker A route fishing boats can follow to maximize their catch at different points in the day The skills workers develop through training before working on and piloting boats The boats in the fishing fleet The fertile waters in which the fish feed and breed

Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents. Human Capital Natural Resources Physical Capital Technological Knowledge Examples per Worker per Worker per Worker A route fishing boats can follow to maximize their catch at different points in the day The skills workers develop through training before working on and piloting boats The boats in the fishing fleet The fertile waters in which the fish feed and breed

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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