Multiple Choice
Which of the following is NOT a characteristic of a public good?
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8. The Types of Goods
Four Types of Goods and Two Characteristics
Multiple Choice
Which of the following is the best example of a nondurable good?
A
A loaf of bread
B
A house
C
A car
D
A washing machine
Verified step by step guidance1
Understand the definition of a nondurable good: it is a good that is consumed quickly or has a short lifespan, typically less than three years.
Identify the characteristics of each option: a house, a car, and a washing machine are all durable goods because they last for several years and are used repeatedly.
Recognize that a loaf of bread is consumed immediately or within a short period and cannot be reused, fitting the definition of a nondurable good.
Compare the options based on their durability and usage duration to confirm which one is nondurable.
Conclude that the loaf of bread is the best example of a nondurable good among the given options.
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