What do economists call the equipment and structures available to produce goods and services?
A)physical capital
B)human capital
C)the production function
D)technology

Question

Quizplus · Accepted Answer

Economists refer to the equipment and structures available to produce goods and services as physical capital. Human capital refers to the knowledge and skills possessed by workers, the production function represents the relationship between inputs and outputs in a production process, and technology refers to the methods and tools used in production.

What Do Economists Call the Equipment and Structures Available to Produce