Are the following statements true or false ? Give reasons. A good can be intermediary good in one case and a final good in another case.
Are the following statements true or false ? Give reasons.
A good can be intermediary good in one case and a final good in another case.
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Correct Answer - True. A good can be 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.
True. A good can be 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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