Goods that are produced today in order to make other valuable goods and services in the future are called:
A) normal goods.
B) inferior goods.
C) consumer goods.
D) capital goods.
E) personal goods.

Question

Quizplus · Accepted Answer

Goods that are produced for the purpose of producing other goods and services in the future are called capital goods. These can include machinery, equipment, and tools. They are different from consumer goods (C), which are intended for consumption and immediate use, and personal goods (E), which are items used for personal enjoyment. Normal goods (A) are goods for which demand increases as income increases, while inferior goods (B) are goods for which demand decreases as income increases.

Goods That Are Produced Today in Order to Make Other