The following statements true or false? Give reasons.
A good can be an intermediary good in one case and a final good in another case.

True

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False

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Solution

The correct option is A True
A good can be an intermediate good as well as a final good, depending upon its nature of use.
For example, a car purchased by a household is a final good, whereas, It will be an intermediate good if it is purchased by a car dealer.

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Similar questions

Q. The following statements true or false? Give reasons.
End-use of the goods categorise the goods as intermediate goods and final goods.

Q. The following statements true or false? Give reasons
Intermediate goods have a derived demand, while final goods have direct demand.

Q. The following statements true or false? Give reasons.
In final goods, no value is to be added.

Q7. Consider the following statements with respect to Intermediary Trade:

1. Merchant is a Person who transfers good from one place to another without any value addition.

2. Merchanting transaction is one which involves shipment of goods from one foreign country to another foreign country involving an Indian Intermediary.

Which of the above statements are correct?

Q. The following statement is true or false? Give reasons.
Final goods include only those goods which are consumed by the households.

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The following statements true or false? Give reasons.A good can be an intermediary good in one case and a final good in another case.

The correct option is A TrueA good can be an intermediate good as well as a final good, depending upon its nature of use. For example, a car purchased by a household is a final good, whereas, It will be an intermediate good if it is purchased by a car dealer.

The following statements true or false? Give reasons.
A good can be an intermediary good in one case and a final good in another case.

The correct option is A True
A good can be an intermediate good as well as a final good, depending upon its nature of use.
For example, a car purchased by a household is a final good, whereas, It will be an intermediate good if it is purchased by a car dealer.