Question

An example of an indertimate product is: A.) A pair of boots sold by a sporting...

An example of an indertimate product is:

A.) A pair of boots sold by a sporting goods retailer to a camper

B.) A US government bond

C.) the lumber produced by Boise Cascade and sold to a builder of new houses

D.) a painting sold at auction

What is an indeterminate product?

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Answer #1

C.) the lumber produced by Boise Cascade and sold to a builder of new houses

The lumber is used for the production of the houses so the lumber is intermediate goods and the sports boots are the final consumption good.

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intermediate good is a good used for the production of the other goods and not consumed directly in the given event.

means there is the chance that a good can be a final or intermediate, for example, the lumber used by the builder is an intermediate good but if that is used by a house owner then that is a final good.

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