Asked by Chloe Cluchey on May 12, 2024
Verified
Which of the following is an example of a capital input?
A) Buildings and machines used in the production process
B) Stocks and bonds
C) An hour of a worker's time
D) The money households use to purchase firms' output
Capital Input
Capital input refers to the amount of physical assets used in the production process, including buildings, machinery, and equipment.
Production Process
The series of steps and operations involved in the creation of goods or services.
- Recognize the actors within the economy and their functions.
Verified Answer
JZ
Jasmin ZhengMay 16, 2024
Final Answer :
A
Explanation :
Capital inputs refer to the physical assets used in the production process, such as buildings and machines. Stocks and bonds are financial assets, an hour of a worker's time is a labor input, and the money used by households to purchase output is a financial transaction, not a capital input.
Learning Objectives
- Recognize the actors within the economy and their functions.
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