Asked by
Matthew Chong
on Dec 16, 2024
Verified
Which of the following would an economist classify as physical capital?
A) 100 shares of Microsoft stock
B) A $50 bill
C) A credit card
D) A lawyer's laptop
E) A bauxite mine in Jamaica
Physical Capital
Assets owned by a business that are tangible and can be used in the production process, such as machinery, buildings, and equipment.
Microsoft Stock
Equity shares representing ownership in Microsoft Corporation, a major technology company.
- Comprehend the variety of resources and their importance in production activities.
- Gain insight into the meaning and importance of capital in economic studies.
Verified Answer
GD
Learning Objectives
- Comprehend the variety of resources and their importance in production activities.
- Gain insight into the meaning and importance of capital in economic studies.