Which of the following is true?
A)Tangible goods are subject to economic analysis but intangible goods are not.
B)Intangible goods are just an alternative term for services.
C)Goods and services can be made costless by having the government give them away to citizens.
D)All goods and services, whether tangible or intangible, are made from scarce resources and are subject to economic analysis.

Question

Which of the following is true?
A)​Tangible goods are subject to economic analysis but intangible goods are not.
B)​Intangible goods are just an alternative term for services.
C)​Goods and services can be made costless by having the government give them away to citizens.
D)​All goods and services, whether tangible or intangible, are made from scarce resources and are subject to economic analysis.

Quizplus · Accepted Answer

All goods and services, whether tangible or intangible, are made from scarce resources and are subject to economic analysis. This applies to both goods that can be touched and services that cannot be touched. Economics is concerned with how goods and services are produced, distributed, and consumed, and all of these factors apply regardless of whether the good or service is tangible or intangible. Option A is incorrect because intangible goods are also subject to economic analysis. Option B is incorrect because services are only one type of intangible good. Option C is incorrect because while the government can make goods and services costless to citizens, there is still a cost associated with producing and distributing them, which is a subject of economic analysis.

Which of the Following Is True