What are capital goods primarily used for?

Understanding Capital Goods

Interactive Video
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Business
•
7th - 10th Grade
•
Hard

Emma Peterson
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For personal consumption
To produce other goods and services
As a form of currency
To entertain consumers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of capital goods?
They are durable
They are consumed quickly
They are long-lasting
They are used in production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a capital good?
A ladder used in window cleaning
A computer used in an office
A machine used in manufacturing
A car used for personal travel
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do consumer goods differ from capital goods?
Consumer goods are used in services
Consumer goods are durable and long-lasting
Consumer goods are used to produce other goods
Consumer goods are consumed by individuals
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a fixed asset?
A bag of flour
A bottle of water
A factory building
A loaf of bread
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the primary factors of production?
Capital goods, labor, and money
Land, labor, and capital goods
Consumer goods, land, and labor
Intermediate goods, capital, and land
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes intermediate goods from capital goods?
Intermediate goods are final products
Intermediate goods are components of the final product
Intermediate goods are consumed directly
Intermediate goods are used to deliver services
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the production of bread, which item is a capital good?
Salt
Flour
Yeast
Baker's oven
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