An Intermediate Good Is

question 58

Multiple Choice

An intermediate good is

• A)always counted when measuring GDP because it doesn't represent time spent in production of a final good or service.
• B)a good whose value is of neither a high grade nor a low grade.
• C)a good that is sold to the government and then redistributed to the poor.
• D)any good that is resold by its purchaser rather than used as is.

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Definitions:

Government Fund

A financial allocation from the government aimed at supporting specific projects, sectors, or initiatives, often involving public resources.

Cafeteria-Style Benefits Plans

Allow employees to choose those benefits they really want.

Adverse Selection

A situation in economics and insurance where a party’s lack of information leads to a transaction with another party who has a distinct advantage, often seen in markets for goods like used cars or in health insurance.

Benefit Costs

The expenses incurred by an organization in providing benefits such as health insurance, retirement plans, and leave entitlements to its employees.