Question : Bread, Milk, Readymade clothes, T.V., etc. are examples of _______ goods
Option 1: Producer goods
Option 2: Perishable goods
Option 3: Inferior goods
Option 4: Consumer goods
Correct Answer: Consumer goods
Solution : Consumer goods are the goods that are used for self-consumption. For example Bread, Milk, Readymade clothes, T.V., etc. Hence D is the correct answer.
Question : ______ goods are goods that cannot be consumed more than once, such as milk.
Option 1: Durable consumer goods
Option 2: Inferior goods
Option 3: Non-durable consumer goods
Option 4: Producer’s goods
Question : ______ commodities are those that can be consumed more than once over a period of time.
Option 1: Non-durable consumer goods
Option 2: Producer’s goods
Option 4: Durable consumer goods
Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.
Option 1: Consumer goods
Option 3: Intermediate goods
Option 4: Capital goods
Question : Coffee and tea are examples of ___ goods.
Option 1: Complementary goods
Option 2: Substitute goods
Option 4: Normal goods
Question : Plant and machinery are
Option 1: Producer's goods .
Option 2: Consumer's goods .
Option 3: Distributor's goods
Option 4: Free goods .
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile