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Basic Concepts & the Circular Flow · Question 11 of 72

Question 11

EasyOriginal question

Flour bought by a bakery to make bread is

Options for question 11

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. The bakery uses up the flour in producing bread within the year.

  2. So the flour is an input, an intermediate good.

Concept
Intermediate goods
Typical time
40 s
Your time
—
The rule this testsFinal and intermediate goods
Practise this chapter →

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

Practise this chapter →

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