Commodities that last less than three years and may be consumed very quickly are called:
A)durable goods
B)nondurable goods
C)services
D)none of the above

Question

Quizplus · Accepted Answer

Nondurable goods are commodities that are expected to be used within a short period of time and are considered to be consumed very quickly. Examples of nondurable goods include food items, clothing, and fuel. Durable goods, on the other hand, are expected to last for more than three years, such as appliances, furniture, and automobiles. Services refer to intangible products such as education, healthcare, and professional advice.

Commodities That Last Less Than Three Years and May Be