If a car is purchased by a taxi-operator, it will be regarded as a:

Capital good

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Intermediate good

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Final good

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Both (a) and (c)

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Solution

The correct option is D
Both (a) and (c)

The car will be both a capital and a final good.

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Similar questions

Classify the folllowing goods into intermediate goods and final goods:

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter

Goods that are used as intermediate goods can never be final goods. Defend or refute this statement.

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