Practicing Success
Which of the following are intermediate goods? |
(B), (D), (E) only (B), (D) only (A), (B), (D) only (A), (B), (C), (D), (E) |
(B), (D) only |
An intermediate good is a product used to produce a final good or finished product. They are mostly used as raw material or inputs for production of other commodities. (A) Milk purchased by a household - considered as a final product, as used for the consumption purpose and direct satisfaction of wants. |