What would an economist call the saws, lathes, and drill presses that woodworkers at Cedar Valley Furniture use to produce chests and cabinets?
A)human capital
B)physical capital
C)natural resources
D)technological knowledge

Question

Quizplus · Accepted Answer

The saws, lathes, and drill presses are physical capital, which is man-made resources used to produce goods and services.

What Would an Economist Call the Saws, Lathes, and Drill