goods and services

Explain the major difference between goods and services.
Give 2 examples of each.


goods
1. apples
2. oranges

services
1. valet parking
2. housekeeping

think about it

  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. SOCIAL STUDIES (CHECK answer)

    18, How would Clays American System with high tariffs on imported goods have benefited the west and south? He expected that money from tariffs would be used to help farmers ship their goods to the north He expected that

  2. eco

    Most countries, including the United States, import substantial amounts of goods and services from other countries. Yet there's also saying that a nation can enjoy a high standard of living only if it can produce a large quantity

  3. Economics

    1. An economy's production possibilities frontier is also its consumption possibilities frontier. a. under all circumstances b. under no circumstances c. when the economy is self-sufficient d. when the rate of tradeoff between the

  4. History

    Please check my answers please. Thank you! 1. The U.S. economy is a free enterprise system. True* False 2. Work you do for pay is called a _____. service industry diverse workforce job* volunteer job 3. When there are many people

  1. social studies

    Which of the following is one way in which an embargo differs from a tariff? A. It allows for free trade of goods. B. It limits the taxes placed on foreign goods. C. It bans all importation of foreign goods. (MY ANSWER) D. It

  2. Social Studies

    1) How does money differ from barter? A: Money is mostly important as a way to get goods and services B: Money is used to exchange goods and services C: Money has value only because people agree that it does **** D: Money has been

  3. Economics

    While the balance of trade is the difference between the monetary value of exports and imports, the balance of payments A) counts only goods. B) counts only services. C) counts goods and the financial transactions between

  4. social studies

    Which of the following are the basic economic questions? Select all that apply. A. Where should goods be produced? B. How should goods be produced? C. What goods are produced? D. Which resources can be used for goods? E. Who

  1. Economics

    How does the expenditure approach calculate GDP? ____________________________________ A. It adds up all the incomes in the economy.***** B. It adds up the value of four groups of final goods and services. C. It adds up the value

  2. Economics

    GNP accounts avoid double counting by including only the value of final goods services sold on the market. Should the measure of imports used in the GNP accounts therefore be defined to include only imports of final goods &

  3. social studies

    How has the elimination of trade barriers affected the movement of goods among member countries of the European Union? A. Member countries are able to produce all the goods they need. B. Goods can move freely among member

  4. U.S. Government and Economics

    I need two examples of someone being a producer I know producers produce goods and services, but I can't think of any examples. Help plz.

You can view more similar questions or ask a new question.