Which of the Following Expenditures Is for an Intermediate Good

question 376

Multiple Choice

Which of the following expenditures is for an intermediate good?

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

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Definitions:

Observable Behavior

Actions or reactions of an individual, in response to external or internal stimuli, that are visible and measurable.

Sigmund Freud

An innovator in neurology from Austria, he introduced psychoanalysis as a method to heal psychopathologies through verbal exchanges between a patient and a psychoanalyst.

Functions

Distinctive roles or activities that an entity or process performs or serves in a system or organization.

William James

An American psychologist and philosopher who is considered one of the founding figures of modern psychology.