A good such as motor vehicle tyres is an example of:Question 11Answera.Durable goodsb.Capital goodsc.Semi-durable goodsd.Non-durable goods
Question
A good such as motor vehicle tyres is an example of:
Question 11
Answer
- a. Durable goods
- b. Capital goods
- c. Semi-durable goods
- d. Non-durable goods
Solution
To determine what type of good a motor vehicle tire is, let's analyze the options provided:
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Durable Goods: These are goods that do not wear out quickly and provide utility over time. Examples include cars, appliances, and tires.
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Capital Goods: These are used to produce other goods or services. While tires could be considered capital in the broadest sense of contributing to vehicle operation (which is used for producing transport services), typically capital goods are more aligned with machinery and tools rather than consumer items.
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Semi-durable Goods: These goods last longer than non-durable goods but not as long as durable goods. Examples include clothing and some types of furniture.
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Non-durable Goods: These are consumed quickly or have a short lifespan, like food items and toiletries.
Motor vehicle tires are designed to last a significant amount of time and experience wear over the course of their usage but do not deplete quickly, fitting them into the category of durable goods.
Final Answer
a. Durable goods
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