Business, 08.03.2021 19:20 sickomode2048

Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity the quantity of goods per hour of labor. YearPhysical Capital LoomsLabor Force WorkersPhysical Capital per Worker (Looms)Labor Hours (Hours)Output (GrmentsLabor Productivity (Garments per hour of labor
20241604041,80014,4008
20251806033,90023,4006
Based on your calculations a decrease in physical capital per worker from 2024 to 2025 is associated with a decrease in labor product from 2024 to 2025.
Suppose your in charge of establishing economic policy for this small island country.
Which of the following policies would lead to greater productivity in the weaving industry
Choose all that apply
a. Offering free public education to every worker in the country
b. Imposing restrictions on foreign ownership of domestic capital
c. Imposing a tax on looms

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