Question

Durable goods, nondurable goods, and services Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged. For example, think about doing your laundry. Which of the following laundry-related items are durable goods? Check all that apply.

A. A washing machine
B. Having a pair of pants dry-cleaned
C. A T-shirt
D. A clothes dryer.

Answer 1

Here, option A and option D are correct.

Step-by-step explanation:

Durable goods are those goods which can be used for a long period. They do not get exhausted in a single-use. They provide utility for a long period of time.

Durable goods can be of several types such as perfectly durable, highly durable, etc. Some examples of consumer durable goods are books, appliances, tools, electronics, furniture, etc.

In the given example, washing machine and cloth dryer are durable goods as they can be used for a long time without being completely exhausted in single-use.