Which of the following statements is FALSE?
A) Economic goods are available in desired quantities at a zero price.
B) A good is anything that gives satisfaction or happiness to individuals.
C) Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation.
D) Wants are unlimited and include all material and nonmaterial desires.

Question

Quizplus · Accepted Answer

This statement is false because economic goods, by definition, have a positive price associated with them. If they were available at a zero price, they would no longer be considered economic goods.

Which of the Following Statements Is FALSE