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
Answers: 3
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Which of the following would classify as a general education requirement
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Consider a simple economy whose only industry is fishing. In this industry, productivity—the amount...
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