The Difference Between a Good and a Service Is That

question 156

Multiple Choice

The difference between a good and a service is that

• A)a good helps satisfy unlimited wants; a service does not
• B)a service helps satisfy unlimited wants; a good does not
• C)a services is available in unlimited quantities; a good is not
• D)a good is available in unlimited quantities; a service is not
• E)a good is tangible; a service is not

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Definitions:

Income

The financial return or earnings from employment, investments, or business ventures.

Income Effect

The change in consumption that results from a change in real income, holding prices constant.

College Textbooks

Books prescribed by college educators that contain the necessary subject matter for students enrolled in college courses.

Vitamin Capsules

Encapsulated forms of vitamins, designed to supplement the dietary intake of nutrients.