Asked by Anh Thy Nguy?n Ng?c on Jul 11, 2024
Verified
Which of the following is an example of a durable good?
A) Food cooked at home
B) Food eaten at a restaurant
C) High fashion clothing
D) Binoculars
E) Motor oil
Binoculars
A pair of telescopes mounted side-by-side and aligned to point in the same direction, allowing the viewer to use both eyes when viewing distant objects.
Restaurant
A business establishment where meals are prepared and served to customers in exchange for money.
- Acknowledge various forms of income in households and types of goods.
Verified Answer
RA
Renee AvrutinJul 17, 2024
Final Answer :
D
Explanation :
Binoculars are a type of durable good, meaning they have a longer lifespan and can be used multiple times. Food, on the other hand, is a non-durable good as it is consumed and cannot be used again. High fashion clothing can also be considered non-durable as styles often change and they may not last long. Motor oil is a consumable good and can only be used once before needing to be replaced.
Learning Objectives
- Acknowledge various forms of income in households and types of goods.