Which of the Following Is NOT Considered a Consumption Good

question 153

Multiple Choice

Which of the following is NOT considered a consumption good?

• A) Nike swimming trunks
• B) marriage counseling services
• C) a UPS truck
• D) a Subway sandwich
• E) a U.S. government bond

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Definitions:

Exclusive Right

A legal privilege that allows the holder to be the sole individual or entity with the authority to utilize, produce, or sell a particular product or service.

Copyrights

Legal rights granted to creators for the protection of their original works, including literary, musical, artistic, and certain other intellectual works.

Barriers to Entry

Restrictions or obstacles that prevent new competitors from easily entering an industry or area of business.

Unlimited Market Power

A hypothetical situation where a company or entity can set the market price for its product without any competitive constraint.