The correct answer is: A. Yes
Inputs are the resources that are used in the production of goods and services. They can be divided into four categories: land, labor, capital, and entrepreneurship.
Land is the natural resources that are used in production, such as land, water, and minerals.
Labor is the human effort that is used in production.
Capital is the man-made resources that are used in production, such as machines, tools, and buildings.
Entrepreneurship is the ability to organize and manage a business.
Capital goods are a type of capital that is used in the production of other goods and services. They include machines, tools, and buildings.
Therefore, capital goods are included in the definition of inputs.
Here is a brief explanation of each option:
- Option A: Yes. Capital goods are included in the definition of inputs.
- Option B: No. Capital goods are not included in the definition of inputs.
- Option C: Maybe. It depends on the definition of inputs that is being used.
- Option D: I don’t know.