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Questions and Answers
Which type of goods are bought by consumers as final or ultimate goods to satisfy their wants?
Which type of goods are bought by consumers as final or ultimate goods to satisfy their wants?
- Intermediate goods
- Durable goods (correct)
- Capital goods
- Services
Which category of goods includes items like fruit, oil, milk, and vegetables?
Which category of goods includes items like fruit, oil, milk, and vegetables?
- Capital goods
- Non-durable goods (correct)
- Services
- Durable goods
What is the characteristic of final goods in an economy?
What is the characteristic of final goods in an economy?
- They are used either for final consumption or for investment. (correct)
- They are not meant for final use.
- They are for resale.
- Their value is not included in the national income.
Which type of goods help in the process of production of other goods and services?
Which type of goods help in the process of production of other goods and services?
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What is the time dimension of a stock?
What is the time dimension of a stock?
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Which of the following best describes intermediate goods?
Which of the following best describes intermediate goods?
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