Which of the following is true?
A)Intangible services cannot be subjected to economic analysis.
B)Wealthy individuals who decide to donate money to charity do not face the constraints of scarcity.
C)An increase in production would enable us to eliminate scarcity.
D)Intangible services can be subjected to economic analysis.
E)Abundant resources are not subjected to economic analysis.

Question

Quizplus · Accepted Answer

Intangible services can be analyzed from an economic perspective, such as analyzing the cost and benefits of providing a certain service. However, it may be more difficult to put a price on intangible services compared to tangible goods. Options A, B, and E are false. Scarcity is a fundamental economic problem that cannot be completely eliminated, and the availability of resources does not determine whether they are analyzed from an economic perspective.

Which of the Following Is True