Food and gasoline can be classified as

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Quizplus · Accepted Answer

Nondurable goods are items that have a short lifespan, typically less than three years. This includes food and gasoline, as they are consumed relatively quickly and need to be constantly replenished. Durable goods, on the other hand, are items that are meant to last for a longer time period, such as appliances or furniture. Capital goods are goods used in the production of other goods or services, such as machinery or equipment. Long-term goods is not a common economic term.

Food and Gasoline Can Be Classified as