To determine which of the options is a consumption asset, we first need to understand what a consumption asset is. A consumption asset is an asset that is consumed and used up in the process of consumption, rather than being held for investment or resale.

1. **Evaluating the Options**:
- **A. The Canadian dollar**: This is a currency and primarily serves as a medium of exchange, not a consumption asset.
- **B. Copper**: Copper is often used in manufacturing and construction, thus can be considered a consumption asset as it is consumed in the production of goods.
- **C. The S&P 500 index**: This is a stock market index representing a portfolio of 500 companies, primarily used as an investment tool, not consumed.
- **D. IBM stock**: This represents ownership in a company and is primarily an investment asset, not consumed.

2. **Conclusion**:
Based on the definitions and functionalities of each option, the item that qualifies as a consumption asset is **B. Copper**, as it is widely used and consumed in various industrial processes.

Question

To determine which of the options is a consumption asset, we first need to understand what a consumption asset is. A consumption asset is an asset that is consumed and used up in the process of consumption, rather than being held for investment or resale.

1. **Evaluating the Options**:
   - **A. The Canadian dollar**: This is a currency and primarily serves as a medium of exchange, not a consumption asset.
   - **B. Copper**: Copper is often used in manufacturing and construction, thus can be considered a consumption asset as it is consumed in the production of goods.
   - **C. The S&P 500 index**: This is a stock market index representing a portfolio of 500 companies, primarily used as an investment tool, not consumed.
   - **D. IBM stock**: This represents ownership in a company and is primarily an investment asset, not consumed.

2. **Conclusion**:
   Based on the definitions and functionalities of each option, the item that qualifies as a consumption asset is **B. Copper**, as it is widely used and consumed in various industrial processes.

Knowee AI · Accepted Answer

To determine which of the options is a consumption asset, we first need to understand what a consumption asset is. A consumption asset is an asset that is consumed and used up in the process of consumption, rather than being held for investment or resale.

1. **Evaluating the Options**:
   - **A. The Canadian dollar**: This is a currency and primarily serves as a medium of exchange, not a consumption asset.
   - **B. Copper**: Copper is often used in manufacturing and construction, thus can be considered a consumption asset as it is consumed in the production of goods.
   - **C. The S&P 500 index**: This is a stock market index representing a portfolio of 500 companies, primarily used as an investment tool, not consumed.
   - **D. IBM stock**: This represents ownership in a company and is primarily an investment asset, not consumed.

2. **Conclusion**:
   Based on the definitions and functionalities of each option, the item that qualifies as a consumption asset is **B. Copper**, as it is widely used and consumed in various industrial processes.

Which of the following is a consumption asset? A. The Canadian dollar B. Copper C. The S&P 500 index D. IBM stock

Question

Which of the following is a consumption asset?

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