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Basic Concepts & the Circular Flow · Question 10 of 72

Question 10

EasyOriginal question

A final good is one that

is bought for final use, not for resale or as an inputCorrect answerYour answeris produced in the last month of the yearCorrect answerYour answercosts the most in the marketCorrect answerYour answeris made only by the governmentCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

What makes a good final is its use: it has left the production process.

Concept: Final goods
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsFinal and intermediate goods

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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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