Which of the Following Is Classified as a Final Good

question 251

Multiple Choice

Which of the following is classified as a final good or service?
I.tires bought by GM to put on new Tahoes
Ii.mustard bought by Subway to put on its sub sandwiches
Iii.your purchase of online access to the Wall Street Journal

• A)i and ii
• B)i,ii and iii
• C)iii only
• D)ii and iii
• E)ii only

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Definitions:

Nutritious Diet

A diet that provides all the essential nutrients in correct proportions for healthy living.

Market Power

The ability of a firm or group of firms to control prices or exclude competition in a market.

Respond Efficiently

The ability of entities or systems to adjust and react promptly and effectively to changes or challenges.

Worse Off

A situation in which an individual's or group's economic position or welfare has deteriorated.