True or False: According to the text, 'working harder' is the most significant long-term factor for increasing a country's national income.

According to the analogy comparing productivity to a student's study efficiency, what do 'better methods' (such as skills, tools, and feedback) represent in a national economy?

True or False: Productivity gains in a capitalist system automatically lead to equal wage increases for all workers.

Which of the following is considered an 'institutional' factor that shapes the productivity of an economy?

Fill in the Blank: Human capital is essential for productivity because it allows workers to __________ more quickly to new tasks and changing market conditions.