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which of the following statements is true about goods and services?

AThey can be touched -- they are both tangible.
BTogether, they represent everything that can be bought or sold.
CThey are never scarce.
DThey have no economic value.

Verified Answer :

taskmasters

Goods and services are:

B. Together, they represent everything that can be bought or sold.

A is false because only goods can be touched and tangible.
C is false because there are times when goods and services are scarce.
D is false because both have economic value that is why goods and services are bought and paid for.

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