A farmer uses soil, seeds, a highly skilled foreman, tractors, and a barn to produce his harvest. Which factor of production are the tractors?
A) labor
B) human capital
C) natural resources
D) physical capital

Question

Quizplus · Accepted Answer

Tractors are considered physical capital because they are tangible assets used in the production process to increase efficiency and output.

A Farmer Uses Soil, Seeds, a Highly Skilled Foreman, Tractors