Asked by Ericka Eldridge on May 09, 2024
Verified
The American consumer spends least on
A) durable goods.
B) nondurable goods.
C) services.
Durable Goods
Goods that are intended to last for a long period of time, such as cars, appliances, and furniture, typically requiring more significant investment than non-durable goods.
Nondurable Goods
Items that are consumed or are only useable for a short period before they need replacement due to wear or consumption.
Services
Tasks or activities performed by individuals or companies for the benefit of others, typically in exchange for payment, and are intangible in nature.
- Identify the changes and movements in consumption patterns over time.
Verified Answer
SY
Sunshine YoungMay 11, 2024
Final Answer :
A
Explanation :
Durable goods are items like appliances, cars, and furniture, which are not purchased as frequently as nondurable goods (like food and clothing) or services (like healthcare, education, and entertainment).
Learning Objectives
- Identify the changes and movements in consumption patterns over time.