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Question
______ is a durable producer's good.
Options
Cotton (textile mill)
Wheat (flour mill)
Truck (transport company)
Petrol and diesel (transport industry)
MCQ
Fill in the Blanks
Solution
Truck (transport company) is a durable producer's good.
Explanation:
- A truck is a durable producer's good because it is a long-lasting asset used by a transport company to provide services.
- In contrast, cotton, wheat, petrol, and diesel are consumable goods used in production but are not durable.
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