What are called goods that satisfy human wants through their direct use ?
Correct answer: C. consumer goods
- A. cash goods
- B. consumer items
- C. consumer goods
- D. cash items
Explanation
Consumer goods directly satisfy human wants, such as food, clothing, and household items. Capital goods instead help produce other goods or generate future income.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
Downsizing is ?
Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
Interest is______________?
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?
Goods and monies from which future income can be derived is called ?
Barter is the trade of goods or services with ?