Which of the following explain differences in total factor productivity?
A)institutions
B)human capital
C)infrastructure
D)legal structure.
E)all of the above

Question

Quizplus · Accepted Answer

All of the above factors (institutions, human capital, infrastructure, and legal structure) can have significant impacts on a country's total factor productivity. Institutions play a role in creating a stable and supportive environment for businesses to operate in, while human capital (the education and skills of a country's workforce) is a crucial input for productivity. Infrastructure (such as transportation and communication networks) can improve the efficiency of production processes, and the legal structure of a country can impact the ease of doing business and the protection of property rights.

Which of the Following Explain Differences in Total Factor Productivity