Question : The products that directly satisfy human demands are referred to as:

Option 1: Producer goods

Option 2: Intermediate goods

Option 3: Capital goods 

Option 4: Consumer goods

Question : Which of the following are true?

1. Domestic territory is also known as economy territory.
2. Printer purchased by lawyer is an intermediate good.

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.

Question : The value added of a firm is calculated as___________.

Option 1: value of production of the firm - value of intermediate goods used by the firm.

Option 2: value of production of the firm + value of capital goods used by the firm.

Option 3: value of production of the firm / value of intermediate goods used by the firm.

Option 4: value of production of the firm + value of intermediate goods used by the firm.

Question : Which of the following are true?

1. Purchase of machines by a producer is an intermediate good.
2. Unexpected obsolescence is a component of depreciation.

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.

Question : Name an alkylbenzene widely used as a chemical intermediate in the production of phenol.

Option 1: Cumene

Option 2: Furan

Option 3: Styrene

Option 4: Toluene