Which of the Following Products/services Is High in Search Qualities

question 80

Multiple Choice

Which of the following products/services is high in search qualities?

• A)jewelry
• B)child care
• C)television repair
• D)legal services

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Definitions:

Investment Component

A part of economic activity related to spending on goods and services not for immediate consumption but for future benefit.

Government Purchases Component

The part of gross domestic product (GDP) that includes spending by all levels of government on goods and services.

Social Security Benefits

Government payments made to eligible individuals, such as retirees or disabled workers, as part of a social insurance program.

Investment Component

The portion of GDP or economic output that is attributed to investment in physical assets, like buildings, equipment, and inventory.