Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're maki decisions, and the goods or services being exchanged. For example, think about doing your laundry. Which of the following laundry-related items are services? Check all that apply.

Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're maki decisions, and the goods or services being exchanged. For example, think about doing your laundry. Which of the following laundry-related items are services? Check all that apply.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Durable goods, nondurable goods, and services
Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those
decisions, and the goods or services being exchanged.
For example, think about doing your laundry. Which of the following laundry-related items are services? Check all that apply.
Having a dress shirt pressed
Having a pair of pants dry-cleaned
A T-shirt
O A pair of socks

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