Asked by Brittany McCord on Jul 18, 2024
Verified
Which of the following is not an example of intermediate goods or services?
A) Steel used in the manufacture of cars
B) Pizzas bought at a restaurant
C) Legal services hired by a public accounting firm
D) Glass used to manufacture sunglasses
E) Vegetables used by a restaurant
Intermediate Goods
Products used in the production process to make other goods and services but not sold directly to consumers.
Manufacture
The process of converting raw materials into finished goods through the use of labor, machines, and chemical processes.
- Discover and discern the distinctions between end goods and intermediate goods.
Verified Answer
AH
Abbas HaidarJul 21, 2024
Final Answer :
B
Explanation :
Pizzas bought at a restaurant are a final good or service consumed by the customer. The rest of the options are examples of intermediate goods or services that are used in the production of other goods or services.
Learning Objectives
- Discover and discern the distinctions between end goods and intermediate goods.