Which of the following is not capita good ?
Correct answer: D. consumers goods
- A. plant and equipment
- B. buildings
- C. inventories
- D. consumers goods
Explanation
Consumer goods are used directly for consumption, whereas plant, equipment, buildings and inventories are treated as capital goods in this classification. The wording should read “capital good,” but the intended contrast is clear.
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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.
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