Question

classify the following three scenarios by which of the determinants of productivity they affect

1. subsidized training in skilled trades at community colleges

2. the invention of a new computer language that is easy to learn and has many applications

3. classrooms, theaters, sport arenas, and other meeting places cannot be used because of the coronavirus

Answer 1

Ans. 1. This is a part of Human Capital as it involves training of individuals and thus would affect the Human Capital determinant.

2. This is a part of Technological Knowledge and Thus would affect the Technological Knowledge determinant of productivity.

3. This is part of Physical Capital and thus affects the physical capital.

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