Which of the Following Would Be Considered a Final Good

question 15

Multiple Choice

Which of the following would be considered a final good?

• A) The steel used in the construction of a skyscraper.
• B) The stereo Ford installs in a new Concord.
• C) The paper in your textbook.
• D) A computer you buy for use in your home.

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Definitions:

Charitable Donations

Financial or material contributions made to non-profit organizations or causes without expecting anything in return.

Unfavorable Balance

A situation where a country imports more than it exports, resulting in a trade deficit.

Balance of Trade

The difference in value between a country's imports and exports over a given period, indicating trade surplus or deficit.

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, often used to protect domestic industries from foreign competition.