Post-UTME Economics 2011 Objective — Question 5
Question 5 of 12 from the Post-UTME Screening (Post-UTME) Economics 2011 Objective paper, with the correct answer and a full explanation.
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A type of capital that aids production and makes labor more efficient is
- A. social capital
- B. capital accumulation
- C. fixed capitalCorrect
- D. working capital
Explanation
Fixed capital (machinery, tools, equipment) directly enhances labour productivity/efficiency in production.
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