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Classify each of the following items as consumption or investment goods/service or both. Justify your answers. (10 marks) a. A haircut (2 marks) b. A

Classify each of the following items as consumption or investment goods/service or both. Justify your answers.

(10 marks)

a. A haircut

(2 marks)

b. A share of stock

(2 marks)

c. The Trans-Canada highway

(2 marks)

d. A ski lift

(2 marks)

e. An unsold truck in a GM plant in Ontario

(2 marks)

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