Question

In economics, capital refers to _______ (A) goods, but not to services. (B) buildings and machines used in the production process.(C) the finances necessary for firms to produce their products.(D) the money households use to purchase firms' output.

Answer 1

Answer:

In economics, capital refers to buildings and machines used in the production process.

The correct answer is B

Explanation:

In economics, capital is the totality of machines, tools, equipment and raw materials used in the production process.