Question

What kind of goods are used in the production of final goods?


intermediate goods


nondurable goods


durable goods

Answer 1

The correct term for goods that are used in the production of final goods is **intermediate goods**.

Intermediate goods are products that are not final consumer products but are used as inputs in the production of other goods. For example, steel used to make cars or flour used to make bread are both considered intermediate goods.

In contrast:
- **Nondurable goods** are products that are consumed or used up quickly, such as food or toiletries.
- **Durable goods** are items that last for a longer period, such as appliances or vehicles.

So, the answer to your question is **intermediate goods**.