Which of the following would be considered physical capital?
A)the refrigerators at Uncle Bob's restaurant
B)rivers on which goods are transported
C)the skills and knowledge of a lawyer
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Physical capital refers to tangible objects that are used in the production of goods and services. The refrigerators at Uncle Bob's restaurant are physical assets that are used to store and preserve food items.

B) Rivers are not physical capital as they are part of the natural environment and cannot be used as tools or equipment for production.

C) The skills and knowledge of a lawyer are considered human capital, which refers to the education, experience, and expertise of individuals that contribute to the production of goods and services.

D) Therefore, option A is the only correct choice as the refrigerators are a physical asset that contributes to the production of goods at Uncle Bob's restaurant.

Which of the Following Would Be Considered Physical Capital