Goods that are typically inexpensive and consumed quickly are known as _____.
A) durable goods
B) nondurable goods
C) enduring goods
D) sustainable goods

Question

Quizplus · Accepted Answer

Nondurable goods are typically inexpensive and have a short lifespan, meaning they are consumed quickly. Examples of nondurable goods include food, toiletries, and cleaning products. Durable goods, on the other hand, are more expensive and are designed to last longer, such as appliances or furniture. Enduring goods and sustainable goods are not commonly used terms in economics.

Goods That Are Typically Inexpensive and Consumed Quickly Are Known