Question : _________________ goods have a life span of 1 year. 

Option 1: Durable 

Option 2: Semi-durable 

Option 3: Non-durable 

Option 4: All of the above

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 3: Inferior goods

Option 4: Durable consumer goods
 

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 : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
 

Option 1: Consumer goods
 

Option 2: Final goods
 

Option 3: Capital goods
 

Option 4: Non-durable goods
 

Question : Which of the following is included in the calculation of GDP?

Option 1: Net exports

Option 2: Government purchases of goods and services

Option 3: Consumer spending on non-durable goods

Option 4: Capital gains

Question : Which of the following are the characteristics of public goods?
 

Option 1: Non-rivalrous
 

Option 2: Excludable
 

Option 3: Rivalrous
 

Option 4: All of the above.