Which of the following is not true about final goods? – McqOptions

MCQOPTIONS

1.	Which of the following is not true about final goods?
A.	Final gods satisfy wants of ultimate consumers and producers.
B.	Final goods have direct demand as they satisfy the wants directly.
C.	Final goods are subject to further transformation in the process of production.
D.	Final goods are neither used up as raw-material nor for resale in the same year.
Answer» D. Final goods are neither used up as raw-material nor for resale in the same year.

Discussion

No Comment Found

Related MCQs

Ricardian theory has _ countries and commodities
No change in technology, no transport cost, constant returns to scale - these assumptions make the Comparative Cost advantage theory __
An Indian farmer produces wheat without incurring cost of inputs alllsells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. Thebaker sells bread to consumers for Rs. 1,600. Total added is Rs.
Piyush s mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income ?
Restrictions imposed on the quantity of imports is _ .
Expenditure switching policy is also known as _ _ .
In BOP, total receipts must be equal to total _ .
The current account in the balance of payments _ .
The objective of commercial policy is / are _ .
Look East Policy has now transformed into a _ _.