a-factory-uses-machines-to-produce-cars-how-does-this-illustrate-the-role-of-phy

Question

A factory uses machines to produce cars. How does this illustrate the role of physical capital in enhancing productivity?

Accepted Answer

Machines increase the speed and efficiency of car production.

Answer

Machines decrease the overall cost of production.

Answer

Machines reduce the need for skilled labor.

Answer

Machines are a form of human capital.