Which of the following is not an example of intermediate goods or services?
a. Steel used in the manufacture of cars
b. Pizzas bought at a restaurant
c. Legal services hired by a public accounting firm
d. Glass used to manufacture sunglasses
e. Vegetables used by a restaurant
Question 2
One reason the supply of carpenters is greater than the supply of physicians is because:
a. physicians do not belong to a union.
b. carpenters demand less income.
c. carpenters belong to unions.
d. none of the above.
Cracked Steel
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As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
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