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An example of an intangible good is:
Ph.D.
A Doctor of Philosophy degree, a type of doctoral degree awarded by universities, representing high-level achievement in research and academic study.
Patents
A legal authorization granted to an inventor or assignee, providing exclusive rights to produce, use, or sell an invention for a certain period of time.
Ethnocentrism
The act of judging another culture solely by the values and standards of one's own culture.
Culture
The cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects acquired by a group of people in the course of generations through individual and group striving.
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Q177: Refer to Figure 4-E.When the price falls