Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements about an intermediate good and a final good is TRUE? Group of answer choices An intermediate good is used up

Which of the following statements about an intermediate good and a final good is TRUE?

Group of answer choices

An intermediate good is used up in the production of a final good.

A final good is used up in the production of an intermediate good.

An intermediate good does not carry a market value while a final good does.

An intermediate good is produced within the geographical boundary of the country while a final good is not.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Christopher T.S. Ragan, Richard G Lipsey

14th canadian Edition

321866347, 978-0321866349

More Books

Students also viewed these Economics questions