EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Basic Concepts & the Circular Flow · Question 27 of 72

Question 27

MediumOriginal question

A mobile phone bought by a taxi driver to take bookings for his taxi is

Options for question 27

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The phone is used for years in his business of carrying passengers.

  2. A durable good used in production is a capital good.

Concept
Use decides the class
Typical time
70 s
Your time
—
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.