Question 4
Theory of ProductionWhich of the following cannot be classified as land in economics?
- A.Bauxite deposit in the ground
- B.A lake used for irrigation
- C.A bulldozer for clearing farm land
- D.Grazing field for cattle
Show the answer and explanation
Answer: C (A bulldozer for clearing farm land)
Explanation
A bulldozer is man-made equipment, i.e. capital.