Question

What are the goods that are not destroyed by short term consumption called?

• A. Intermediate goods
• B. Final goods
• C. Durable goods
• D. Capital goods

Hint:

Durable goods last for a long time and are used repeatedly, unlike non-durable goods that are consumed or used up quickly.

Answer 1

The Correct Option is C

Step 1: Understanding the concept of durable goods.
Durable goods are those that do not get consumed or destroyed in the short term. They are used over an extended period and typically provide value over time, such as machinery, vehicles, and appliances.

Step 2: Analyzing the options.
(A) Intermediate goods: This refers to goods used in the production of other goods and are consumed during production. These are not durable goods.
(B) Final goods: These are goods that are ready for consumption, but they may or may not be durable.
(C) Durable goods: Correct. Durable goods are designed to last for a long period, and their consumption does not lead to their immediate destruction.
(D) Capital goods: While capital goods are long-lasting, they are used for the production of other goods and do not fit the definition of consumer durable goods.

Step 3: Conclusion.
The correct answer is (C) Durable goods, as they are the ones not destroyed by short term consumption.