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Multiple Choice
Which of the following is an example of a capital resource?
A
A plot of land
B
Wheat seeds
C
A farmer's labor
D
A factory building
Verified step by step guidance
1
Understand the definition of capital resources in microeconomics: Capital resources are man-made goods used to produce other goods and services, such as machinery, tools, and buildings.
Identify each option and classify it according to the three main types of resources: land (natural resources), labor (human effort), and capital (man-made inputs).
A plot of land is a natural resource, so it is classified as land, not capital.
Wheat seeds are natural inputs used in production, often considered part of land or natural resources, not capital.
A farmer's labor is human effort, so it is classified as labor, not capital.
A factory building is a man-made structure used to produce goods, which fits the definition of a capital resource.