Which of the following are intermediate products?
ECONOMICS
WAEC 2020
Which of the following are intermediate products?
- A. Cement and steel
- B. Furniture and shirt
- C. Handkerchief and shoe
- D. Table and door
Correct Answer: A. Cement and steel
Explanation
Intermediate goods are products that are used in the production process to make other goods or further production. Cement and steel from option A above are examples of intermediate goods, as they are used in building and construction
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