When a firm's production of a product requires it to purchase
items from another firm to complete the production, these purchased items are called:
A) intermediate goods.
B) equilibrium points.
C) good-for-good exchanges.
D) indirect goods.
Answer: A
You might also like to view...
Which of the following is supported by a special tax paid to local governments by their citizens?
a. a renovation to the local city park b. the salary for city council c. the budget shortfall d. the improvement of the interstate
How does the Affordable Care Act change health care in the United States?
a. It establishes a "single-payer" system in which the government contracts with private firms to provide medical services, equipment, and drugs on behalf of the general public. b. It sets baseline standards for what health care plans must cover. c. It forces states to expand the number of people who are covered by Medicaid, including poor adults without children. d. It includes a "public option"—government insurance plans—to compete with private insurance companies within the state insurance pools.