Which of the following would an economist classify as capital?
A) a $50 bill
B) a corporate bond
C) a post office employee
D) a guitar used by a musician

Name: Which of the following would an economist classify as capital? A) a $50 bill B) a corporate bond C) a post office employee D) a guitar used by a musician
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Question

Quizplus · Accepted Answer

Capital in economics refers to assets used in the production of goods and services. A guitar used by a musician is a tool that helps produce music, making it capital.

Which of the Following Would an Economist Classify as Capital