Indicate whether each of the following transactions represents the purchase of a final good. a. the purchase of wheat from a wheat farmer by a bakery.
b. the purchase of an aircraft carrier by the federal goverment
c. the purchase of frenche wine by a U. S. consumer
d. the purchase of a new airliner by American Airlinesa

b. the purchase of an aircraft carrier by the federal goverment - purchase of a final good.

c. the purchase of frenche wine by a U.S. consumer - purchase of a final good.

d. the purchase of a new airliner by American Airlinesa - purchase of a final good.

Explanation:

A final good is a good that is consumed directly by consumers

Purchase of final good can be classfied into :

Consumption spending includes spending by households on goods and services. Consumption spending includes :  

spending on durables - e.g. laptop  

spending on nondurables - e.g. clothes, food

spending on services  - e.g. payment of hospital bill  

the purchase of french wine is an example of consumption spending on nondurable goods

Investment - It includes purchases of goods and services made by businesses in the production of goods and services

the airplane purchased by the airline would be used to provide services for airline customers.  

Government spending - It includes government consumption expenditure and gross investment.  Consumption spending includes spending by households on goods and services. Consumption spending includes :  

spending on durables - e.g. laptop  

spending on nondurables - e.g. clothes, food

spending on services  - e.g. payment of hospital bill  

the purchase of a textbook by a student is an example of consumption spending on durable goods

Investment - It includes purchases of goods and services made by businesses in the production of goods and services

the airplane purchased by the airline would be used to provide services for airline customers.  

Government spending - It includes government consumption expenditure and gross investment.  The purchase of a new  limousine for the president is an example of consumption expenditure

An intermediate good is a good that is used in the production of the final good. e.g. tthe purchase of wheat from a wheat farmer by a bakery would be used to make pastries.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.