In economic terms what do you mean by 'intermediate goods

In economic terms what do you mean by 'intermediate
goods
by

1 Answer

Answer :

Goods sold between
industriesfor the resale or
production of other
goods.
by

Related questions

Distinguish between final goods and the intermediate goods -SST 10th

Description : Distinguish between final goods and the intermediate goods -SST 10th

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Which of the following is an example of an intermediate goods ?

Description : Which of the following is an example of an intermediate goods ?

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Goods which are meant either for consumption or for investment are called - (1) Final goods (2) Giffen goods (3) Inferior goods (4) Intermediate goods

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Last Answer : (1) Final goods Explanation: All goods which are meant either (i) for consumption by consumers or (ii) for investment by firms are called final goods. They are finished goods, meant for final ... stages of production. Cars, television sets, cloth, food, machinery, equipments etc. are final goods.

The goods that are used as raw material for further production are known by which name: (a) Final goods (b) Material goods (c) Intermediate goods (d) Consumer goods

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Last Answer : (c) Intermediate goods

Intermediate goods are not included to calculate the final output because: a) they do not have value b) they have unknown value c) their value is included in final goods so they are not added to avoid the problem of double counting d) none of the above

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Last Answer : : c) their value is included in final goods so they are not added to avoid the problem of double counting

Which of the following statement is true? (a) Value added = total sales + closing stock of finished goods – opening stock of finished goods – total expenditure on raw material – intermediate goods (b) Value added = total sales + closing stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods (c) Value added = total sales + closing stock of finished goods and semi-finished goods-opening stock of finished goods and semi finished goods-total expenditure on raw material (d) Value added = total sales + closing stock of finished goods and semi finished goods – opening stock of finished goods and semi finished goods – total expenditure on raw material – intermediate goods.

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Which of these would not be part of GDP? (a) Sale of Intermediate goods ; (b) Income from illegal betting ; (c) Household services rendered by a house wife in her family ; (d) All the three

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Last Answer : (a) Final manufactured goods and services ;

Which of the following is an example of an intermediate goods. (a) A Tata Indica sold by a dealer of second hand car ; (b) Steel and cement used to construct a flyover ; (c) Farming crop purchased by FCI (d) All the three

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Description : NDP does not include (a) Payments made for income taxes ; (b) Depreciation allowances ; (c) Undistributed profits; (d) The value added from intermediate goods.

Last Answer : (b) Depreciation allowances ;

Value-added means value of (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

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Last Answer : goods and services less cost of intermediate goods and services

Goods which are meant either for consumption or for investment are called (1) Final goods (2) Giffen goods (3) Inferior goods (4) Intermediate goods

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Last Answer : c

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Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

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Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.

All of the goods which are scarce and limited in supply are called - (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

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The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

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Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few goods) was abolished A. (i), (ii), (iii) and (iv) B. (i), (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)

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Last Answer : C. Only (iii) and (iv)

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Last Answer : (c) Getting greatest satisfaction from available resources 

In economic goods includes material things which………. (a) Can be transferred ; (b) Can be exchanged for one another ; (c) Both ; (d) None

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Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

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Last Answer : Increase in per capita income of people of country

An increase in per capital income is not an indication of an increase in the economic welfare of the people (1) When such increase is the result of an increased production of comforts (2) When such increase is the result of an increase in agricultural production (3) When it is the result of an increase in the production of industrial goods (4) When such increase is the result of increased production of intoxicants

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Last Answer : When such increase is the result of increased production of intoxicants

All of the goods which are scarce and limited in supply are called (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Description : All of the goods which are scarce and limited in supply are called (1) Luxury goods (2) Expensive goods (3) Capital goods (4) Economic goods

Last Answer : Economic goods

What does "liquidity" mean in a basic economic terms?

Description : What does "liquidity" mean in a basic economic terms?

Last Answer : “Liquidity” is the ease with which assets can be converted, usually into cash. More “liquid” assets are ones which can be sold or traded more easily (like a bicycle), less liquid ones are more difficult to sell or trade (like a house).

Are there products/goods that, when they first came out, were not that good in terms of quality, but over time have gotten noticeably much better?

Description : Are there products/goods that, when they first came out, were not that good in terms of quality, but over time have gotten noticeably much better?

Last Answer : “New and improved” is just another marketing effect that is for the most part completely useless.

What other euphemisms can someone use in other terms like "used" goods?

Description : What other euphemisms can someone use in other terms like "used" goods?

Last Answer : Second hand Gently loved (lol)

"he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : (3) Hicks Explanation: British economist John Hicks said that National income is a collection of goods and services reduced to a common basis by being measured in terms of money. Hicks ... macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory.

In terms of goods and services, the function of marketing is to __________ demand a. Plan b. create c. price d. promote

Description : In terms of goods and services, the function of marketing is to __________ demand a. Plan b. create c. price d. promote

Last Answer : b. create

Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above

Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above

Last Answer : Ratio of prices of exports and imports

Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

Description : Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

Last Answer : Both (a) and (b)

Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $20,000, terms 2/10, n/30. Returned $400 of the shipment for credit. Paid $100 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s merchandise inventory a. increased by $19,208. b. increased by $19,700. c. increased by $19,306. d. increased by $19,308.

Description : Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $20,000, terms 2/10, n/30. Returned $400 of the shipment for credit. Paid $100 freight on the shipment. ... . b. increased by $19,700. c. increased by $19,306. d. increased by $19,308.

Last Answer : d. increased by $19,308.

Zach’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s merchandise inventory a. increased by $48,020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Description : Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment ... 020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Last Answer : d. increased by $48,270.

Flynn Company purchased merchandise inventory with an invoice price of $5,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Flynn Company pays within the discount period? a. $5,000 b. $4,900 c. $4,500 d. $4,600

Description : Flynn Company purchased merchandise inventory with an invoice price of $5,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Flynn Company pays within the discount period? a. $5,000 b. $4,900 c. $4,500 d. $4,600

Last Answer : b. $4,900

The terms, “general purpose equipment,” “flexible and capable of customizing work” and “wide variety of goods or services” best relate to a. Project b. Job shop c. Flow shop d. Continuous Continuous flow

Description : The terms, “general purpose equipment,” “flexible and capable of customizing work” and “wide variety of goods or services” best relate to a. Project b. Job shop c. Flow shop d. Continuous Continuous flow

Last Answer : b. Job shop

Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Description : Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Last Answer : C)complexity and variability.

Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).

Description : Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).

Last Answer : (b) They export primary products.

According to Singer and Prebisch in the long run terms of trade moves in favour of ---- products and against ---- products. (a) primary, secondary (b) secondary, primary © goods, service (d) stocks, flows.

Description : According to Singer and Prebisch in the long run terms of trade moves in favour of ---- products and against ---- products. (a) primary, secondary (b) secondary, primary © goods, service (d) stocks, flows.

Last Answer : (b) secondary, primary

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

“The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : “The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : Hicks

In economic terms what does market means?

Description : In economic terms what does market means?

Last Answer : the coming together of a buyer and seller

In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? A. Political B. Legal C. Political and economic and legal D. Political and environmental

Description : In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? A. Political B. Legal C. Political and economic and legal D. Political and environmental

Last Answer : Political and environmental

What is the name given to the graph that shows all the combinations of two commodities that a consumer can afford at the given market prices and within the particular income level in economic terms?

Description : What is the name given to the graph that shows all the combinations of two commodities that a consumer can afford at the given market prices and within the particular income level in economic terms?

Last Answer : Budget line

The cost of any activity measured in terms of the value of the next best alternative forgone a). Economic cost b). Variable cost c). Opportunity cost d). Marginal cost

Description : The cost of any activity measured in terms of the value of the next best alternative forgone a). Economic cost b). Variable cost c). Opportunity cost d). Marginal cost

Last Answer : c). Opportunity cost

The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle

Description : The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle

Last Answer : (c) Prof. Ragner Frisch ;

Which of the following variables cannot be expressed in quantitative terms? (A) Socio-economic Status (B) Marital Status (C) Numerical Aptitude (D) Professional Attitude

Description : Which of the following variables cannot be expressed in quantitative terms? (A) Socio-economic Status (B) Marital Status (C) Numerical Aptitude (D) Professional Attitude

Last Answer : (D) Professional Attitude

Define following terms: i) Economic span ii) Afflux iii) Waterway iv) Free board

Description : Define following terms: i) Economic span ii) Afflux iii) Waterway iv) Free board

Last Answer : i) Economic span: The span for which the total cost of the bridge is minimum is known as economical span of a bridge. ii) Afflux: It is the rise in water surface caused due to the obstruction ... , if any, and the lowest point on the underside of the bridge super structure is called free board.

For a heterogeneous catalytic reaction (A) Free energy of activation is lowered in the presence of catalyst, which remains unchanged at the end of reaction (B) A relatively small amount of catalyst can cause the conversion of large amount of reactants which does not mean that catalyst concentration is important (C) The catalyst does not form an intermediate complex with the reactant (D) The surface of the catalyst does not play an important role during reaction

Description : For a heterogeneous catalytic reaction (A) Free energy of activation is lowered in the presence of catalyst, which remains unchanged at the end of reaction (B) A relatively small amount of catalyst ... with the reactant (D) The surface of the catalyst does not play an important role during reaction

Last Answer : (A) Free energy of activation is lowered in the presence of catalyst, which remains unchanged at the end of reaction