Which of the Following Correctly Describes a Final Good

question 70

Multiple Choice

Which of the following correctly describes a final good?
I.A final good is bought by its final consumer.
Ii.A final good can be used by a firm as a component of another good or service.
Iii.Investment goods cannot be a final good.

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

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Definitions:

Nonunion Operations

Workplaces or businesses that do not have their employees represented by a labor union or similar worker's association.

Turnover

The rate at which employees leave a company and are replaced by new employees over a given period.

Craft Union

A labor union representing workers who are skilled in a specific craft or trade.

Industrial Union

A labor union organizing method where all workers in the same industry, regardless of job function, are organized into a single union.