You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the group decides that the best way to gather coconuts would be to knock them down by throwing rocks at them. later, it is decided to build a catapult to hurl the rocks into the tops of the palm trees. how would economists classify the rocks and the catapult?

Rocks are land, and the catapult is capital since it had to be built by people.

Explanation:

According to a different source, these are the options that are included with this question:

This question refers to the factors of production. Factors of production are the inputs that are necessary in order to create a particular good or service. These can include land, labor, entrepreneurship and capital. These concepts were developed by economists such as Adam Smith and Karl Marx. In this example, the rocks would be considered land, while the catapult would be considered capital, as it was built by people.

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