Final answer:
Private cars and trucks can both be consumer or producer goods, depending on their usage. The statement is false because the classification is based on the use of the vehicle, not the vehicle type itself.
Step-by-step explanation:
The statement that private cars are consumer goods while trucks are producer goods is false. Both private cars and trucks can be classified either as consumer goods or producer goods based on their use. Consumer goods are products intended for the final consumer's use, such as shoes, computers, or cars for personal transportation. On the other hand, producer goods, also known as capital goods, are manufactured to produce other goods and services, like trucks used for business purposes to move products or equipment. Therefore, if a truck is used by a company for delivery services or to transport goods, it is a producer good. Similarly, a car used by a ride-sharing service driver for business would also be considered a producer good.