Which of the following would be considered physical capital?
A)the available knowledge on how to make semiconductors
B)a taxi-cab driver's knowledge of the fastest routes to take
C)bulldozers, backhoes and other construction equipment
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Physical capital refers to tangible assets used in the production of goods or services, such as machinery, vehicles, and equipment. Therefore, bulldozers, backhoes, and other construction equipment are examples of physical capital. A and B refer to knowledge, which is a form of human capital.

Which of the Following Would Be Considered Physical Capital