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______ is a durable producer's good. - Economics

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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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Chapter 1: Factors of Production - Exercise [Page 27]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 14. | Page 27
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