Question

What are capital goods? a. Not used in factories b. Low-dollar, multiple purchases c. High-dollar, infrequent purchases d. Short-lived e. Items which go directly into the final product

Answer 1

The correct answer is letter "C": High-dollar, infrequent purchases.

Step-by-step explanation:

Capital Goods are assets with a useful life of more than one year that are used for the production of income. These are high-dollar, infrequent purchases that include buildings, factories, automobiles, airplanes, trucks, furniture, computers, and machines used in manufacturing, just to name a few.