The similarity between all goods and services,whether tangible or intangible,is that they:
A) are not subject to economic analysis.
B) require technical expertise.
C) have no price tags.
D) are made from scarce resources and are subject to economic analysis.

Question

Quizplus · Accepted Answer

Both goods and services are made from scarce resources and are subject to economic analysis. This is because they require resources like labor, materials, and capital to produce, and they have a cost associated with them. Therefore, they must be evaluated based on their economic value and scarcity in order to determine their price and allocate resources efficiently. Choices A, B, and C are incorrect as they are either not true or not relevant to the question.

The Similarity Between All Goods and Services,whether Tangible or Intangible,is