7. Training employees in a new software is an example of what method of improving productivity?
A. growing human capital
B. growing physical capital
C. growing service capital**
D. growing domestic capital
8.Which of these are best categorized as public goods and services?
A. pharmacy and doctors office
B. amusement park and skating rink
C. grocery store and hospital**
D. playground and neighborhood park
And for 8 I think its playground and neighborhood park because its public and doesn't ask for your money to use it
Then what are the answers?
wich one is it?
it goes 7.D 8.A i think? a-am i right ms.sue?
I believe 7 is growing human capital
To answer these questions, we need to understand the concepts of improving productivity and public goods and services.
7. Training employees in a new software is an example of what method of improving productivity?
To improve productivity, organizations can focus on growing different types of capital. In this case, training employees in a new software can be categorized as growing human capital. Human capital refers to the skills, knowledge, and abilities that individuals acquire through education, training, and experience. By providing training and development opportunities, organizations can enhance their employees' skills and expertise, which ultimately leads to increased productivity.
So, the answer is A. growing human capital.
8. Which of these are best categorized as public goods and services?
Public goods and services refer to goods and services that are non-excludable and non-rivalrous, meaning they are available to all individuals and one person's use does not diminish their availability to others.
Looking at the options provided:
A. pharmacy and doctors office: These are privately provided goods and services, as they are generally accessible only to those who pay for them or have insurance coverage.
B. amusement park and skating rink: These are privately provided goods and services as well, as they usually require admission fees or payments for access.
C. grocery store and hospital: While grocery stores are privately provided and require payment, hospitals can be considered as public goods and services. Hospitals often offer emergency care and necessary medical services to all individuals regardless of their ability to pay. So, C. grocery store and hospital is the correct answer.
D. playground and neighborhood park: These can also be considered public goods and services since they are generally open and accessible to all members of the community without requiring payment.
So, the correct answer is C. grocery store and hospital.