Which of the following is NOT a service?
A) Physical labor purchased by a producer
B) Things purchased by a consumer that do not have physical characteristics
C) A diamond used in an engagement ring
D) Tasks performed by someone else
Correct Answer:
Verified
Q61: In economics, physical capital includes
A)money.
B)bank accounts.
C)machinery.
D)shares of
Q64: Scarcity implies that
A) the satisfaction of one
Q66: The basic problem in economics is
A)unlimited needs.
B)scarcity.
C)demand.
D)limited
Q66: Which of the following items would be
Q74: Which of the following is NOT considered
Q76: Which of the following would be categorized
Q77: Scarcity exists because
A)there is a disruption in
Q78: Oil found in Alaska is an example
Q79: The most basic concept of economics is
A)self-interest.
B)scarcity.
C)demand.
D)rationality.
Q80: A typical economic good has which one
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