Question: For each part below, determine whether the following actions will increase or decrease productivity, and name the component of productivity that each affects. a. The
For each part below, determine whether the following actions will increase or decrease productivity, and name the component of productivity that each affects.
a. The local government builds a new school.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
b. Teachers in the new school hold classes for young students.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
c. A manufacturer installs robots on its assembly line.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
d. A research team designs a more efficient system of irrigation.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
e. A soft drink company discovers a new source of underground water that can be used to make its products.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
f. A professor writes a new and improved economics textbook.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
g. A large number of people have less access to health care.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
h. A worker receives on-the-job training to be a mechanic.
Impact on productivity
- Decrease
- Increase
Component of productivity
- Physical capital
- Technology
- Natural resources
- Human capital
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