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which of the following statements is true about goods and services?

A. They can be touched -- they are both tangible. B. Together, the...

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which of the following statements is true about goods and services?

A. They can be touched -- they are both tangible.
B. Together, they represent everything that can be bought or sold.
C. They are never scarce.
D. They have no economic value.

Answer

Goods and services B. Together, they represent everything that can be bought or sold.
A is false because only goods can be touched and tangible.
C is false because there are times when goods and services are scarce.
D is false because both have economic value that is why goods and services are bought and paid for.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 43 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 184 views.

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