Consider a simple economy whose only industry is weaving. In this industry, prod
ID: 1137391 • Letter: C
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. Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge Examples The accumulated weaving experience of the workforce The looms used to weave the textiles A special technique that workers can use to create stronger textiles The grasslands supporting the sheep whose wool is used for weavingExplanation / Answer
The grasslands supporting the sheep whose wool is used for weaving - Natural Resources per Worker
A special technique that workers can use to create stronger textiles - Technical Knowledge
The looms used to weave the textiles - Physical capital per worker
The accumulated weaving experience of the workforce - Human Capital per Worker