Which of the following classifications is correct? A. City streets are consumption goods because they wear out

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Which of the following classifications is correct?

A. City streets are consumption goods because they wear out with use.

B. Stocks are capital goods because when people buy and sell them they make a profit.

C. The coffee maker in the coffee shop at an airport is a consumption good because people buy the coffee it produces.

D. White House security is a government service because it is paid for by the government.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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