Final & Intermediate Goods Quiz

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Test your understanding of final and intermediate goods.

kendriya vidyalaya

India

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Final & Intermediate Goods Quiz


Final & Intermediate Goods QuizVersión en línea Test your understanding of final and intermediate goods. por kendriya vidyalaya 1 Final goods are goods that do not require further processing and are for direct consumption. True or false? a Only for businesses b Sometimes true c False d True 2 Which is a typical final good purchased by households? a Milling equipment b Salt used in production c Television d Fabric for factories 3 Specialty goods are primarily bought for what reason? a Luxury or user desire b Price-only choice c Urgent need d Common necessity 4 Shopping goods are typically: a Non-durable and cheap b Impulse purchases c Only used in manufacturing d Durable and relatively expensive 5 Unsought goods are usually: a Only resold by retailers b Only for services c Always purchased regularly d Easily available but rarely purchased 6 Which is a service category? a Car b Television c Haircut or auto repair d Milk bottle 7 Non-durable goods are characterized by: a Only intangible b Short shelf life c Cannot be consumed d Very long life 8 An example of a durable good is: a Bread b Milk c Car d Soap 9 Intermediate goods are used to: a Be discarded after use b Replace labor c Produce a final good d Be sold directly to consumers 10 Production boundary means when a good leaves the boundary it becomes a: a Final good b Input c Capital stock d Intermediate good