A sound system produced by a supplier to Ford Motor Company is an example of:
A) an inferior good.
B) a final good.
C) a public good.
D) an intermediate good.

Question

Quizplus · Accepted Answer

An intermediate good is a good that is used in the production of a final good, rather than being sold directly to consumers. In this case, the sound system is not sold directly to consumers, but is used in the production of Ford vehicles, making it an intermediate good.

A Sound System Produced by a Supplier to Ford Motor