Which of the following best defines capital as a factor of production?
A) Financial assets used by businesses.
B) The gifts of nature that businesses use to produce goods and services.
C) Instruments, machines, and buildings used in production.
D) The knowledge and skills that people obtain from education and use in production of goods and services.
Correct Answer:
Verified
Q110: The term human capital refers to
A) buildings
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Q112: Pete has just decided to go to
Q113: Which factor of production earns profit?
A) human
Q114: Which of the following is NOT an
Q116: In the United States, the quality of
Q117: Keeping in mind economists' definition of factors
Q118: An autoworker is an example of _
Q119: In economics, the term "land" means
A) land,
Q120: A natural resource, such as fishing territories,
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