A college has contracted a construction company to build a bookstore for its new campus. In the context of factors of production, the heavy machinery and equipment used by the contractor in the construction process are referred to as _____.
A) assets
B) human resources
C) natural resources
D) capital

Question

Quizplus · Accepted Answer

In the context of factors of production, "capital" refers to the tools, machinery, and equipment used in the production of goods and services.

A College Has Contracted a Construction Company to Build a Bookstore