Asked by
james champ
on Nov 11, 2024
Verified
Economists classify all of the following as physical capital,except one.Which one is not capital?
A) A $20 bill in a firm's petty cash drawer
B) The building where an economics class meets
C) A plumber's wrench
D) A railroad car
E) A factory
Physical Capital
Manufactured items used to produce goods and services; includes new plants and new equipment.
Petty Cash
A small amount of cash on hand that is used for paying minor or incidental expenses in a business.
- Recognize the different types of resources and their roles in production.
Verified Answer
JL
Learning Objectives
- Recognize the different types of resources and their roles in production.