The difference between a good and a service is that:
A) a good helps satisfy unlimited wants,but a service does not.
B) a service helps satisfy unlimited wants,but a good does not.
C) a service is available in unlimited quantities,but a good is not.
D) a good is available in unlimited quantities,but a service is not.
E) a good is tangible,but a service is not.
Correct Answer:
Verified
Q25: Goods and services are scarce because:
A)people are
Q26: In economics,capital refers to:
A)money.
B)stocks,bonds,and other financial assets.
C)the
Q27: An entrepreneur:
A)always makes a profit.
B)generally avoids risky
Q27: If a business produces and sells only
Q29: Which of the following is true about
Q30: As resources are scarce,_.
A)opportunity costs are zero.
B)people
Q31: The choices made by economic decision makers:
A)are
Q33: The payments in return for labor and
Q46: Goods and services are exchanged in
A)product markets
B)resource
Q54: The expression "There's no such thing as
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