Which of the following organizations is an example of the goods-producing sector of the economy?
A) Ford Motor Company
B) Florida State University
C) Children's Hospital
D) H & R Block Tax Consulting

Question

Quizplus · Accepted Answer

Ford Motor Company produces tangible goods (i.e. automobiles) and is therefore an example of the goods-producing sector of the economy. Florida State University, Children's Hospital, and H & R Block Tax Consulting provide services, and are therefore part of the service-producing sector of the economy.

Which of the Following Organizations Is an Example of the Goods-Producing