Which is the best example of an intangible good?
A) The car you dream of owning but cannot afford.
B) The suit you hope will make a good impression when you go on job interviews.
C) The textbook study guide you hope will prepare you to perform well on examinations.
D) The advice and expertise provided by the music store clerk who sold you that CD.
Correct Answer:
Verified
Q21: The existence of scarcity means that
A) there
Q22: The most basic concept in economics is
A)wealth.
B)income.
C)scarcity.
D)spending.
Q24: All of the following are economic resources,
Q26: Scarcity is
A) a shortage of goods and
Q29: Physical capital is distinguished from human capital
Q35: Extremely cold winter weather has destroyed oranges
Q36: Scarcity implies that
A) people should limit their
Q37: The conversion of resources into consumer goods
Q39: In economic terminology, the accumulated training and
Q40: In economics, the term physical capital
A)refers to
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