Question 4
Basic ConceptsA carpenter's consumer goods include I. a kilogram of rice II. 3 pairs of shoes III. 4 pairs of socks IV. 3 screw-drivers.
- A.I and IV only
- B.I, II, III and IV
- C.I, II and IV only
- D.I, II and III only
Show the answer and explanation
Answer: D (I, II and III only)
Explanation
Rice, shoes and socks satisfy the carpenter's personal wants; screwdrivers are tools for his work, so they are capital goods.