LESSON 4: WIDGET PRODUCTION:
Producing More, Using Less.

6. XYZ Company sends its employees for computer training. This is an example of
investment in capital resources
 investment in human capital

7. Increasing productivity results in

more goods being produced using less costly inputs
 higher costs of production for the producer

8. An advantage of the craftsperson method of production would be:
lower productivity
 variety during the workday

9. Increases in productivity generally result in:
a. lower prices for consumers
 b. lower profits for producers

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