Question

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

Answer 1

"Goods and services" is the term in economics among the choices given in the question that is the term used to describe the clothes and transportation. The correct option among all the options that are given in the question is the third option or option "C". I hope that the answer has come to your help.

Answer 2

Answer:

Letter C. goods and services

Explanation:

Goods and services are different types of products calculated in the economy. Goods are material and tangible, for example, Brad's new clothes; services are intangible, for example; the transportation with the trip paid by the company. Thus, goods and services are the products produced and consumed, objects of measurement in the economy. In this case, Brad acquired a good, the clothes, and the company acquired a service, the transportation.