|
|
||||||||||||||||||||||||
|
LESSON: THE BOOTMAKER AND THE ELVES Lesson Summary Concept: Productivity Definition: Labor productivity measures how many goods or services are produced per worker. Greater productivity leads to higher standards of living. Comprehension Questions Explain why the bootmaker was not producing many boots? Describe how the first magic boots looked. Who helped the bootmaker increase his productivity? Explain how the bootmaker and his wife repaid the elves for their productivity? How was the bootmaker's skill changed by the productivity of the elves? Other Concepts: Specialization, Producers, Consumers, Goods and Services |
|
|
|