Question

Matt bought a new basketball for an upcoming match. Which type of good is the basketball?

a. final good
b. basic good
c. intermediate good

Answer 1

The correct answer will be option-C

Step-by-step explanation:

Intermediate goods are the goods used to produce other goods and services. The determination of a good to be which type of good it is a final good or intermediate good depends upon its use.

Since the basketball was purchased to play a match has not been used and has to provide the other service, therefore, will be considered the intermediate good.

Thus, Option-C is the correct answer.

Answer 2

C.

The basketball is yet to be utilized to play a match, which makes it an intermediate good.