Machinery used in a factory is a(n)________ good.
A) inferior
B) public
C) club
D) capital

Question

Quizplus · Accepted Answer

Machinery used in a factory is considered a capital good because it is used in the production of other goods and services. It is not an inferior good, which is a type of product whose demand decreases as income increases, nor a public good or club good, which are both types of goods that are non-excludable and non-rivalrous.

Machinery Used in a Factory Is A(n)________ Good