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) production resources
D) technological knowledge

Question

Quizplus · Accepted Answer

The saws, lathes, and drill presses are physical equipment, tools or machinery used in the production process. Therefore, an economist would call them physical capital.

What Would an Economist Call the Saws,lathes,and Drill Presses That