Sail E0 Webinar
Question
A refrigerator operating in a chemist’s shop is an example of
Options:
A .  consumer’s good
B .  free good
C .  final good
D .  producers good
Answer: Option C
Answer: (c)Final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the components such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers