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Sugar purchased by a Sweet shop is an ____ good, while it is a _____ good when it is purchased by a consumer.
Capital, final
Final, intermediate
Intermediate, final
Final , producer
- A sweet shop purchases sugar as an intermediate good because it uses sugar to produce other products such as sweets and desserts. This is not the end of the production process.
- When a consumer buys sugar, it is a final good because it is used for personal consumption without further transformation into another product.
- Option 1: Capital, final - Incorrect, as sugar is not a capital good for a sweet shop.
- Option 2: Final, intermediate - Incorrect, reverses meanings.
- Option 3: Intermediate, final - Correct!
- Option 4: Final, producer - Incorrect, these terms don't accurately categorize sugar.
By: santosh ProfileResourcesReport error
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