Business, 25.02.2020 17:52 felipeneeds684

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

Natural Resource

Physical Capital

Technological Knowledge

The skills workers develop through training before working on and piloting boats
The boats in the fishing fleet
An advanced mapping system that determines the likelihood of finding fish schools in different depths and locations
The fertile waters in which the fish feed and breed

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Consider a simple economy whose only industry is fishing. In this industry, productivity—the amount...

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