A loaf of bread purchased by one of your instructors would be best described as

Question

Quizplus · Accepted Answer

A loaf of bread purchased by an instructor for personal consumption is considered a final good because it is a finished product that will not be sold again or transformed into another product. Intermediate goods are those used in the production of other goods, financial assets involve financial value or investment, and used goods are previously owned items.

A Loaf of Bread Purchased by One of Your Instructors