What is the difference between goods and services?
- Goods are tangible, while services are intangible.
- Goods come in a variety of shapes and sizes, while services are always the same.
- Goods can be bought and sold, while services cannot.
- Goods are more expensive than services.
Which of the following is an example of a good?
- A car
- A massage
- A haircut
- An idea
Which of the following is an example of a service?
- A car
- A massage
- A haircut
- An idea
What is the difference between goods and services?
- Goods are tangible, while services are intangible.
- Goods come in a variety of shapes and sizes, while services are always the same.
- Goods can be bought and sold, while services cannot.
- Goods are more expensive than services.
What is the primary way that goods and services differ?
- Their cost
- Their ability to be bought and sold
- Their physical nature
- Their quality
What are the consequences of not meeting your wants?
- You could become lonely.
- You could become wealthy.
- You could become sick or injured.
- You could become popular.
What happens when you buy a good?
- You gain access to the service.
- You receive a physical item.
- You gain an intangible asset.
- You receive a refund.
What are examples of needs?
- Food, water, shelter, and clothing.
- Money, phone, car, and clothes.
- Toys, books, movies, and games.
- Friends, family, and pets.
What are the consequences of not meeting your needs?
- You could become sick or injured.
- You could become wealthy.
- You could become popular.
- You could become lonely.
What are examples of wants?
- Money, phone, car, and clothes.
- Food, water, shelter, and clothing.
- Friends, family, and pets.
- Toys, books, movies, and games.