Question

Physical capital is the: a. productive knowledge and skills that workers acquire through education, training, and experience. b. stock of tools, including machines, structures, and equipment, used to produce output. c. knowledge about how the world works that is used to produce goods and services. d. financial resources available to business owners.

Answer 1

Answer:

b. stock of tools, including machines, structures, and equipment, used to produce output.

Explanation:

Physical capital -

It is one of the 3 main factors of production , which are tangible , man - made goods , which helps for the production of the goods and services , is referred to as the physical capital .

It consists of the tools , machinery , equipments etc . that are needed to prepare the goods and services .

Hence , from the given information of the question ,

The correct option ia b.