Question

Farmer's plough is an example of fixed capital. 

Select one:

a. TRUE

b. FALSE

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Answer 1

Answer:

false

Explanation:

Fixed capital includes the assets that are needed to start up and conduct business. These assets are considered fixed as they are not consumed or destroyed during the actual production of a good or service but have a reusable value.

Answer 2

Answer:

false

Explanation:

Fixed capital includes the assets that are needed to start-up and conduct business. These assets are considered fixed as they are not consumed or destroyed during the actual production of a good or service but have a reusable value.