2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this...
2. The determinants of productivity
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 accumulated weaving experience of the workforce | |||||
| A special technique that workers can use to create stronger textiles | |||||
| The looms used to weave the textiles | |||||
| The grasslands supporting the sheep whose wool is used for weaving |
Homework Answers
|
Examples |
Human Capital per Worker |
Natural Resources per Worker |
Physical Capital per Worker |
Technological Knowledge |
|
The accumulated weaving experience of the workforce |
It is a human capital as related to workforce. |
|||
|
A special technique that workers can use to create stronger textiles |
It is related to technical knowledge. |
|||
|
The looms used to weave the textiles |
It is a physical capital. |
|||
|
The grasslands supporting the sheep whose wool is used for weaving |
It is a natural resource. |
Add Answer to:
2. The determinants of productivity
Consider a simple economy whose only industry is weaving. In
this...
2. The determinants of productivity Consider a simple economy whose only industry is fishing. In this...
2. The determinants of productivity 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. Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge The fertile waters in which the fish feed and breed The skills...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Year Physical Capital Labor Force...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Year Physical Capital Labor Force...
Consider a simple economy whose only industry is printing. In this industry, productivity—the amount of goods...
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 Human Capital Natural Resource Physical Capital Technological Knowledge A method of coating the paper that goes through the printing presses and significantly reduces paper jams The presses used to print documents...
Dropdown options are Increase/Decrease 3. Productivity and growth policies Consider a small island country whose only...
Dropdown options are
Increase/Decrease
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical...
Hint: Recall that productivity is defined as the amount of goods and services a worker can...
Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Labor Productivity (Garments per hour of labor) Year 2029 2030 Physical Capital (Looms) 300 480 Labor Force Physical Capital per Worker Labor Hours (Workers) (Looms) (Hours) 1003 4,000 4,200 Output (Garments) 36,000 50,400 480 120 12 in physical capital per worker from 2029 to 2030 is associated...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. The...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. The following table shows Information about the small economy in two different years Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital (Fishing poles) 120...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital Labor Force Physical...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Labor Force (Workers) Physical Capital...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about Complete the table by calculating physical capital per worker as well as labor productivity Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital Labor Force Physical Capital per Worker (Fishing poles) Labor Hours...
Dropdown options are
Increase/Decrease
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical...
Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Labor Productivity (Garments per hour of labor) Year 2029 2030 Physical Capital (Looms) 300 480 Labor Force Physical Capital per Worker Labor Hours (Workers) (Looms) (Hours) 1003 4,000 4,200 Output (Garments) 36,000 50,400 480 120 12 in physical capital per worker from 2029 to 2030 is associated...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. The following table shows Information about the small economy in two different years Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital (Fishing poles) 120...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital Labor Force Physical...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Labor Force (Workers) Physical Capital...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about Complete the table by calculating physical capital per worker as well as labor productivity Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital Labor Force Physical Capital per Worker (Fishing poles) Labor Hours...
Most questions answered within 3 hours.
-
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 1 hour ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 2 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 2 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 2 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 3 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 4 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 4 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 4 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 6 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 7 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 7 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 7 hours ago