When Economists Refer to Intangible Items,they Are Referring to Such

question 70

Multiple Choice

When economists refer to intangible items,they are referring to such things as

• A)illegal goods,and the value of such items is included in GDP.
• B)illegal goods,and the value of such items is excluded from GDP.
• C)hair styling and dental care,and the value of such items is included in GDP.
• D)hair styling and dental care,and the value of such items is excluded from GDP.

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Definitions:

Physical Characteristics

Traits that define the appearance and anatomy of organisms, including height, skin color, and body type.

Racial Group

People who share physical characteristics, such as skin color, that members of a society consider socially important.

Society Consider

Society considers involves the process by which cultural, moral, ethical, and value-based judgments and norms are made by the collective consensus within a community or society.

Unequally

In a manner that is not equal or uniform, often resulting in disparities or imbalances in treatment, opportunities, or conditions.