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Which of the following statements is TRUE about capital goods? A-Capital goods are bigger and more expensive than consumer goods. B-Capital goods are only used by governments. C-Capital goods are usually imported. D-Capital goods are used to produce other goods and services more efficiently.

Theresa Perry

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Kevin Sutter on January 25, 2018

The correct option is D. Capital goods are used to produce other goods and services more efficiently. They are tangible assets of a company, such as land, buildings, machinery, equipment, tools, etc Are used in the process of production to produce consumer goods.


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