Which of the following are most likely to be classified by economists as consumer durable goods?
A)stocks and bonds
B)automobiles, furniture, and CD players
C)drugs, toys, magazines, and books
D)food and clothing

Question

Quizplus · Accepted Answer

Consumer durable goods are long-lasting, tangible items that are used by individuals and households for non-business purposes. Automobiles, furniture, and CD players are durable goods that are commonly used by consumers for personal use and are expected to last for several years or more. Stocks and bonds are considered financial assets, while drugs, toys, magazines, and books are considered non-durable goods or services. Food and clothing are considered necessities and can be either durable or non-durable goods depending on the specific item.

Which of the Following Are Most Likely to Be Classified