consider a simple economy whose only industry is printing. Recall that productiv
ID: 1230540 • Letter: C
Question
consider a simple economy whose only industry is printing. Recall that productivity is the quantity of goods produced from each until of labor. in the printing industry, one can measure productivity as the number of documents per hour.
there are four determinants of productivity:physical capital, human capital, natural resources, and technological knowledge.
the presses used to print documents are examples of human capital, natural resources,physical capital, or technological knowledge.
A way of organizing workers among the printig presses that speeds up the printing process in an example of human capital, natural resources,physical capital, or technological knowledge.
Explanation / Answer
consider a simple economy whose only industry is printing. Recall that productivity is the quantity of goods produced from each until of labor. in the printing industry, one can measure productivity as the number of documents per hour. there are four determinants of productivity:physical capital, human capital, natural resources, and technological knowledge. The first answer is physical capital the second answer is technological knowledge. Hope this helps
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