Which of the Following Expenditures Is for an Intermediate Good

question 85

Multiple Choice

Which of the following expenditures is for an intermediate good?

• A) You buy new tires for your used car.
• B) General Motors buys new tires to put on the cars it's building.
• C) The government buys new tires for its military vehicles.
• D) A U.S. tire firm sells new tires to Canada.

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Definitions:

Selection Methods

Processes and techniques used by organizations to evaluate and choose candidates for employment or other roles.

Predict

To forecast future events or trends based on current or past data.

Economic Value

Definition: The worth of a good or service as determined by the market, reflecting its ability to meet a need or desire.

Cognitive Ability

The mental capacity for processing information, applying knowledge, and changing preferences or behavior based on knowledge or reasoning.