Demand for intermediate consumption arises in
A. Household sector only
B. Government sector only
C. Corporate sector only
D. All producing sectors of the economy
Answer: Option D
Solution(By Examveda Team)
Demand for intermediate consumption arises in all producing sectors of the economy. Intermediate consumption is a national accounts concept which measures the value of the goods and services consumed as inputs by a process of production.Join The Discussion
Comments ( 2 )
The capital that is consumed by an economy or a firm in the production process is known as
A. Capital loss
B. Production cost
C. Dead-weight loss
D. Depreciation
Who propounded the opportunity cost theory of international trade?
A. Ricardo
B. Marshall
C. Heckscher & Ohlin
D. Haberler
Which among the following statement is INCORRECT?
A. On a linear demand curve, all the five forms of elasticity can be depicted
B. If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
C. If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
D. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
A. Increase
B. Decrease
C. Remain the same
D. Become zero
Intermediate consumption refers to the use of intermediate goods/ semi-finished goods for give them new form/ new shape, it is used in all the production units...... Ex: Plastic, Iron, Floor, sugar, steel, plywood and engine etc.
Intermediate consumption refers to the use of intermediate goods/ semi-finished goods for give them new form/ new shape, it is used in all the production units...... Ex: Plastic, Iron, Floor, sugar, steel, plywood and engine etc.