When referring to land, labor and capital, in economics, "capital" refers to... A. Machinery and goods that are used to make other things. B. all people who are employed making other things. C. Consumer products like t-shirts and footballs D. NONE of the above are correct. Question 12 Most of the world's modern economies could be thought of as (BLANK) economies. (Choose answer below to fill in blanks). A. Command B. Mixed. C. Free Market. D. NONE of the above is correct