A Consumer Good That Has a Life Span of More

question 384

Multiple Choice

A consumer good that has a life span of more than three years is a(n)

• A) durable consumer good.
• B) nondurable consumer good.
• C) service.
• D) investment.

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Definitions:

Fair 6-Sided Die

An unbiased die with six faces, each representing one of the numbers from 1 to 6, with an equal probability of landing on any number.

Equally Likely

A situation or event that has the same probability of occurring as not occurring.

Genders in Order

A sequence or listing of genders, often reflecting societal, biological, or personal identification classifications.

Equally Likely

Equally likely refers to events in probability that have the same chance of occurring, indicating that no single outcome is favored over others.