Question

xChapter 1 Quiz 5 Below is a list of economic goods. Decide whether each is a consumer good, a capital good, or possibly both depending on the context in which it is used. a A pair of socks. This is a Cick to select) b. A golf course. This is a [Click to selech C. A Big Mac hamburger. This is a [Click toselect points (20t4740) ) ● d. A wheelbarrow. This is a Click to selechy

Answer 1

ANSWER:

1) Consumer good because it will be used for self consumption.

2) Capital good because it is a tangible asset.

3) Consumer good because it will be used for self consumption.

4) Capital good because it is a tangible asset