Which of the following is an example of 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 physical equipment, tools, and infrastructure used in production. Bulldozers, backhoes, and other construction equipment are examples of physical capital. Option A refers to technological knowledge which is an example of human capital. Option B refers to the knowledge possessed by an individual and is also an example of human capital.

Which of the Following Is an Example of Physical Capital