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 : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
 

Option 1: Private final consumption expenditure.
 

Option 2: Government final consumption expenditure.
 

Option 3: Investment expenditure.
 

Option 4: Net exports
 

Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
 

Option 1: Private final consumption expenditure.
 

Option 2: Government final consumption expenditure.
 

Option 3: Investment expenditure.
 

Option 4: Net exports
 

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 2: Inferior goods

Option 3: Intermediate goods

Option 4: Capital goods