Durable Goods are goods that last for at least one month when used regularly.

Question 13 options:

True

False

False

Explanation:

Durable goods are goods that are meant to last a very long time when used regularly without having to be replaced. However, the threshold for durability is usually placed at about three years, not one month. Some examples of durable goods are washing machines, cars, furniture and jewelry. In general, people tend to spend on durable goods only when the economy is healthy, as they tend to be more expensive than non-durable goods.

The answer is false.

Explanation:

Durable goods are those which can be used many times before they are completely consumed. Some examples of durable goods are refrigerators and cars because they can be used for three or more years. Thus, durable goods' characteristic is that it could exist some successive purchases for long periods. Other examples of durable goods include sports equipment, medical equipment, and jewelry.

On the other hand, non-durable goods are those which you consume in one use or those goods that last less than three years.