A good such as motor vehicles is an example of:Question 5Answera.Durable goodsb.Capital goodsc.Semi-durable goodsd.Non-durable goods
Question
A good such as motor vehicles is an example of:Question 5Answera.Durable goodsb.Capital goodsc.Semi-durable goodsd.Non-durable goods
Solution
Motor vehicles are an example of both a. Durable goods and b. Capital goods.
a. Durable goods: These are goods that don't wear out quickly and last over a long period. Examples include cars, appliances, and furniture.
b. Capital goods: These are goods used in the production of other goods or services. This can include machinery, tools, and vehicles. In the case of a car, it can be used as a taxi to provide a service, making it a capital good.
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