Consumption goods with an expected useful life of at least three years are:
A) durable goods.
B) nondurable goods.
C) services.
D) investment goods.
E) noninvestment goods.

Question

Quizplus · Accepted Answer

Durable goods are consumption goods that have an expected useful life of at least three years. Examples include appliances, furniture, and automobiles. Nondurable goods are consumption goods with an expected useful life of less than three years, such as food and clothing. Services are intangible goods, and investment goods are those purchased for productive use, such as machinery and equipment. Noninvestment goods is not a recognized category of goods.

Consumption Goods with an Expected Useful Life of at Least