An Example of an Intermediate Good or Service Would Be

question 102

Multiple Choice

An example of an intermediate good or service would be:

• A)bricks bought by a homeowner for constructing a patio.
• B)sacks of groceries bought by a dentist for his family.
• C)a car bought by a household for commuting to work.
• D)a desk bought by an accountant for her office.

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Definitions:

Market Maker

An entity that buys and sells securities from their own inventory, ensuring liquidity and trading activity in financial markets.

Fracking

A technique for extracting oil and natural gas from rock by injecting high-pressure fluid to create fractures, allowing resources to be more easily harvested.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.

Nutella

Nutella is a brand of sweetened hazelnut cocoa spread manufactured by the Italian company Ferrero, widely popular worldwide.