Which of the following would an economist classify as physical capital?
A)100 shares of Microsoft
B)a $50 bill
C)a credit card
D)a lawyer's laptop
E)a bauxite mine in Jamaica

Question

Quizplus · Accepted Answer

Physical capital refers to tangible assets like machines, buildings, tools, and equipment used for the production of goods and services. A lawyer's laptop is a physical asset used in the production of legal services. The other options are financial assets (A and B), a financial instrument (C), or a natural resource (E).

Which of the Following Would an Economist Classify as Physical