Question

PLEASE HELP!!!!! Nicholas starts a taxi cab business. He buys a garage, hires three drivers, buys two taxi-cabs, he sends his cab drivers to driving school for better driving skills and road knowledge, and advertises in the local newspaper. What action(s) represents CAPITAL investment? *Remember, capital can refer to physical or human capital. (Maybe more than one answer)

A. the purchased taxi cabs

B. the purchased garage

C. the taxi cab driver training

D. the newspaper ad

E. the taxi drivers

Answer 1

A. The purchased taxi cabs.
The gov. Uses it as capital investment since it is a mode of public transportation. The answer could also be c so people can drive it (with proper training) so other people can use it.