Question

instructions
consumer good
capital good
durable good
nondurable good
tool such as machinery or equipment used by businesses to produce other products
tangible item that lasts three years or more when used on a regular basis
intended for final use by individuals like you
lasts for fewer than three years when used on a regular basis
rate your confidence to submit your answer

Explanation:

To solve this matching problem, we analyze each term:

1. Consumer good: These are goods intended for final use by individuals (consumers). So it matches "intended for final use by individuals like you".
2. Capital good: These are tools (machinery/equipment) used by businesses to produce other products. So it matches "tool such as machinery or equipment used by businesses to produce other products".
3. Durable good: These are tangible items that last three years or more with regular use (e.g., a car, refrigerator). So it matches "tangible item that lasts three years or more when used on a regular basis".
4. Nondurable good: These are goods that last fewer than three years with regular use (e.g., food, paper). So it matches "lasts for fewer than three years when used on a regular basis".

Answer:

• consumer good → intended for final use by individuals like you
• capital good → tool such as machinery or equipment used by businesses to produce other products
• durable good → tangible item that lasts three years or more when used on a regular basis
• nondurable good → lasts for fewer than three years when used on a regular basis