Question

Physical capital differs from raw materials in the sense that raw materials A. have a longer useful life in production B. are considered human capital C. cannot be used to produce goods and services D. are used up in production E. are not a resource used in production

Answer 1

Answer:

D. are used up in production

Explanation:

Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.