Question

Which of the following goods are usually intermediate goods and which are usually final goods?
a. Running shoes:
b. Cotton fibers:
c. Watches:
d. Textbooks:
e. Coal:
f. Sunscreen lotion:
g. Lumber: (Click to select)

Answer 1

Intermediate goods and final goods cotton fibers and running shoes

What are intermediate goods?

Intermediate goods are goods used in the production of final goods. They are goods used directly by a producer, sold to another company to make another intermediary good.

From the above listed items, an example of intermediate good is cotton fibers. This is because it is used for production of final goods.

Also, final goods are those goods that do not require further processing. They are also known as consumer goods.

Running shoes are usually a final good. The person purchasing the running shoes is typically the individual who will use the shoes.

Learn more about intermediate and final goods here : https://brainly.com/question/984306