Question : Which of the following are true?
- Intermediate goods are always durable in nature.
- Consumption of fixed capital has nothing to do with the passage of time.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Answer (1)
22nd Jan, 2024
Correct Answer:
Both are false.
Solution :
Intermediate goods are generally non-durable in nature. They are the goods used as raw material for the creation of a new commodity.
Value of fixed assets decreases with the passage of time, even if they are not put to use.
Hence, Option B is correct.
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