What would an economist call the tractors, hay balers, and combine harvesters that are used on a farm?
A) human capital
B) physical capital
C) production resources
D) technological knowledge

Question

Quizplus · Accepted Answer

Tractors, hay balers, and combine harvesters are all physical items used to produce agricultural goods. Therefore, they would be classified as physical capital in economics.

What Would an Economist Call the Tractors, Hay Balers, and Combine