Question

Which of the following goods are usually intermediate goods? and which are usually final goods: Running shoes, cotton fibers, watches, textbooks, coal, sunscreen lotion, lumber? ​

Answer 1

Answer:

wood, steel and sugar example of intermediate goods

Answer 2

Explanation:

Intermediate goods - which are converted into final goods.

Final goods - which are ready for consumption by consumers.

In this question intermediate goods are:

1. Cotton fibres

2. Coal

3. Lumber

Final goods are:

1. Running shoes

2. Watches

3. Textbooks

4. Sunscreen lotion.