Practicing Success
Read the following statements - Assertion (A) and Reason (R): |
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). Assertion (A) is true but Reason (R) is false. Assertion (A) is false but Reason (R) is true. |
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). |
The correct answer is option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). Assertion: A good can be intermediary in one case and final good in another case. This is correct. A good can indeed be an intermediary good in one instance and a final good in another. The reason given accurately explains why a good can be classified differently depending on its use. A good can indeed be used for final consumption or for further processing, and this is why it can be considered either an intermediary good or a final good. For example, sugar purchased by household is final good but the same sugar purchased by a bakery will be intermediary as it will be used for further processing, that is, making cakes and breads, etc. |