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OpenStudy (anonymous):
Brad is planning a business trip. He has bought new clothes for the trip, and his company has arranged for transportation. In economics, what is the term used to describe the clothes and transportation? A. resources B. wants and needs C. goods and services
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OpenStudy (atlas):
C. goods and services
OpenStudy (anonymous):
why do you choose that answer
OpenStudy (atlas):
well, transport classifies under service and clothes under goods category. Looking frm the common sense point of view, clothes and transport are not exactly WANTS AND NEEDS. Also they are not any kind of resource. Transport like bus, trains etc are services run by people. Similarly clothes belong to the category of goods sold to people
OpenStudy (anonymous):
i agree its c.
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