Question 23
EasyOriginal questionA washing machine bought by a family is
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
It lasts several years, but the family uses it for its own needs, not to produce goods for sale.
So it is a consumer durable, not a capital good.
Worth noting
A laundry that buys the same machine to wash clothes for customers buys a capital good.
- Concept
- Consumer durables
- Typical timeTypical
- 40 s
- Your timeYours
- —
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