A construction crane is an example of ___.

Question

BlackTom AI · Accepted Answer

When considering economies of scale and factors of production, it's helpful to categorize assets by their roles in creating goods and services.
Option 1: entrepreneurship. This refers to the human activity of organizing resources, taking risks, and innovating. A construction crane is not itself an entrepreneurial act or a responsibility; rather, it is a tool used by entrepreneurs. So this choice mislabels the object.
Option 2: labor. Labor denotes the human effort used in production. A crane is not a person or a person’s effort, so it does not fit the definition of labor.
Option 3: physical capital. This category includes man-made physical assets like machinery, buildings, and equipment used in production. A construction crane is a classic example of physical capital because it is a durable, tangible asset that helps produce goods or services (like lifting heavy materials on a construction site).
Option 4: land. Land refers to natural resources and territorial space. While land can be a factor in construction, the crane itself is not land; it is a man-made instrument used within a site rather than a natural resource.
In summary, among the provided options, the most accurate classification for a construction crane is physical capital because it is a manufactured asset that facilitates production, distinct from entrepreneurship, labor, or land.

ECON 2002.01 AU2025 (21333) Midterm Exam 1- Requires Respondus LockDown Browser

A construction crane is an example of ___.

查看解析

登录即可查看完整答案

类似问题

as a factor of production, capital refers to the

2. The factors of production include

13. Which of the following is considered a factor of production?

One of the two criteria for a resource to be considered capital is that it must

In the long run, the level of national income in an economy is determined by its:

Land and mineral resources, transportation and communication facilities, factories and farm buildings, equipment, tools and machinery are all examples of Blank ______. BlackTom题目解析

Taken together, the four general categories of economic resources (land, labor, capital, and entrepreneurial ability) are referred to as which of the following? BlackTom题目解析

Economists do not include money as an economic resource because Blank ______. BlackTom题目解析

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单