Question 15
MediumOriginal questionA car dealer buys cars from the factory to resell them in the same year. For the dealer, the cars are
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Goods bought for resale within the year are intermediate: they have not reached a final user.
The car becomes final when a household or a firm buys it to use.
- Concept
- Goods for resale
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Basic Concepts & the Circular Flow, at your own pace.