Economists refer to things that have already been produced that are in turn used to produce other goods and services as
A) land.
B) labor.
C) entrepreneurship.
D) capital.

Question

Quizplus · Accepted Answer

Capital refers to goods that have already been produced and are used to produce other goods and services. This includes machinery, buildings, and tools, among other things.

Economists Refer to Things That Have Already Been Produced That