Asked by Rivaldo English on May 05, 2024
Verified
Which of the following is an example of physical capital?
A) The owner of a pizza shop
B) Bulldozers
C) A college education
D) Carpentry skills
E) Money
Physical Capital
The stock of tangible, man-made objects that contribute to production processes, such as machinery, buildings, and tools.
Bulldozers
Heavy machinery equipment used for moving, digging, and clearing large pieces of land.
- Identify different types of economic resources and capital.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
B
Explanation :
Physical capital refers to tangible, man-made assets that are used in production or service provision, such as machines, tools, buildings, vehicles, and equipment. Bulldozers are a clear example of physical capital. The other options are examples of human capital or financial capital.
Learning Objectives
- Identify different types of economic resources and capital.