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Question
Fill in the blank with appropriate alternatives given below
Paper purchased by a publisher is __________.
Options
intermediate good
final good
consumer good
service
MCQ
Fill in the Blanks
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Solution
Paper purchased by a publisher is intermediate good.
Explanation:
Intermediate goods are the goods which are used as a raw material in the production of final goods Accordingly, paper purchased by a publisher is an intermediate good. This is because the publisher would then further use the paper for the books he will publish.
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