McqMate
Q. |
A refrigerator operating in a chemist's shop is an example of - |
A. | free good |
B. | final good |
C. | producers good |
D. | consumer's good |
Answer» B. final good | |
Explanation: 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 carmanufacturer are not; they are intermediate goods used to make the final good. |
View all MCQs in
Economics (GK)No comments yet