level: harder ques
Questions and Answers List
level questions: harder ques
| Question | Answer |
|---|---|
| contrast between goods and service: | 1. measuribilty for goods are tangible while for services are intangible. 2. visibility for goods are visible while for services are invisible. |
| similarities between goods and services: | 1. both can increase consumer satisfaction/utility. 2. both are called products. |
| list 3 economic problem: | 1) resources are finite- limited in supply. 2) resources are used up in the production of goods and services. 3) human wants for goods and services are without limit. |