Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of lines of code one programmer authors per hour. In the following table, select the appropriate productivity determinant that represents each example.Human Capitalper WorkerNatural Resourcesper WorkerExamplesThe rare earth metals that serve as inputs toproduction of computersThe server hardware on which data is storedAn autocomplete plug-in that allows programmersto write code more rapidlyThe additional education workers receive fromnew computer science course offeringsOOPhysical Capitalper WorkerTechnologicalKnowledgeOO

Human capital implies the skills, knowledge, health, etc people gain throughout their lives.…

Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of lines of code one programmer authors per hour.

Suppose there is a simple hypothetical economy in which the only industry is cloud computing. In the cloud computing field, productivity—the amount of goods and services a worker can produce per hour—is measured by the number of lines of code one programmer authors per hour.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 3P

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Question

In the following table, select the appropriate productivity determinant that represents each example.
Human Capital
per Worker
Natural Resources
per Worker
Examples
The rare earth metals that serve as inputs to
production of computers
The server hardware on which data is stored
An autocomplete plug-in that allows programmers
to write code more rapidly
The additional education workers receive from
new computer science course offerings
O
O
Physical Capital
per Worker
Technological
Knowledge
O
O

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