Which of the Following Statements Regarding Goods Is Most Accurate

question 136

Multiple Choice

Which of the following statements regarding goods is most accurate?

• A) Nondurable goods rely more on advertising than durable goods.
• B) Durable goods benefit more from advertising than nondurable goods.
• C) There is little, if any, difference between marketing actions for durable and nondurable goods.
• D) Nondurable goods rely more on personal selling than durable goods.
• E) The durable and nondurable classification applies to services as well as to goods.

---

Definitions:

Export

The selling of goods or services produced in one country to buyers in another country.

Autarky Price

The autarky price is the price of a good in a country that is completely self-sufficient and does not engage in international trade for that good.

Total Surplus

The sum of consumer surplus and producer surplus in a market, a measure of the overall economic benefit to society.

Autarky

An economic system or condition of self-sufficiency where a country or entity does not engage in international trade, but relies on its own resources.