A man-made resource such as a building or a machine is an example of which resource?
A) entrepreneurial ability
B) labor
C) physical capital
D) human capital

Question

Quizplus · Accepted Answer

Physical capital refers to man-made resources used in production, such as buildings, machines, and tools. Therefore, a building or a machine is an example of physical capital. The other choices are not applicable in this context. Entrepreneurial ability refers to the talent needed to start new businesses or introduce new products to the market. Labor refers to the work done by human beings, including physical and mental effort. Human capital refers to the knowledge, skills, and experience acquired by individuals through education, training, and work experience, which can be used to increase productivity and create economic value.

A Man-Made Resource Such as a Building or a Machine