Which list contains, in this order, natural resources, human capital, and physical capital?
A) for a restaurant: the land where it stands; the things the kitchen; the freezers where the steaks are kept
B) for a furniture company: wood; the company cafeteria; saws
C) for a railroad: fuel; railroad engineers; railroad tracks
D) for an oil company: the oil it brings to surface; the rigs; the refineries using its oil

Question

Quizplus · Accepted Answer

Natural resources are materials or substances that occur in nature and can be used for economic gain. Human capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Physical capital consists of tangible, man-made objects that aid in the production process. For a railroad, fuel is a natural resource, railroad engineers represent human capital, and railroad tracks are an example of physical capital.

Which List Contains, in This Order, Natural Resources, Human Capital