Which of the following is a TRUE statement?

A) All goods are economic goods.
B) All economic goods are goods, but not all goods are economic goods.
C) Economic goods and goods mean the same thing.
D) Economic goods do not include services while goods do include services.

Answer: B

Economics

You might also like to view...

Which was the deepest recession in the United States before the recession of 2008-09?

A) 1978-1979 B) 1981-1982 C) 1990-1991 D) 2001

Economics

The formation of cartels in the U.S. is illegal

Indicate whether the statement is true or false

Economics