Question

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
A route fishing boats can follow to maximize their catch at different points in the day
The boats in the fishing fleet
The skills workers develop through training before working on and piloting boats

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