Which of the following BEST defines capital as a factor of production?
A) Instruments, machines and buildings used in production
B) The gifts of nature that businesses use to produce goods and services
C) Financial assets used by businesses
D) The knowledge and skills that people obtain from education and use in the production of goods and services
Correct Answer:
Verified
Q152: When China builds a dam using few
Q153: Q154: Which factor of production earns wages? Q156: Which of the following is NOT a Q158: Q159: When a farmer decides to harvest lettuce Q160: Which of the following creates an incentive Q161: Which of the following is NOT an Q162: When the government chooses to use resources Q408: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Entrepreneurship
B)Land
C)Labour
D)Human capital
