Match each item with its type.

Match each item with its type. — CUET Economics practice

Question 24

EasyOriginal question

Match each item with its type.

List I	List II
A. Bread eaten at home	I. Durable consumer good
B. A family's television	II. Capital good
C. A haircut	III. Non-durable consumer good
D. A factory's lathe machine	IV. Consumer service

A-III, B-IV, C-II, D-ICorrect answerYour answerA-III, B-I, C-IV, D-IICorrect answerYour answerA-IV, B-III, C-I, D-IICorrect answerYour answerA-II, B-I, C-IV, D-IIICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Bread is used up at once; the television lasts years but is for the family's use.
A haircut is a service; the lathe produces goods for years.

Concept: Kinds of final goods
Typical timeTypical: 60 s
Your timeYours: —

The rule this testsConsumption and capital goods

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Question 24

Explanation