Economic goods are
Part 2
A.
unrelated to human wants.
B.
goods that are scarce.
C.
equivalent to all goods and services.
D.
always tangible goods.
B. goods that are scarce.
The correct answer is B. goods that are scarce.
Economic goods are goods that have value and are relatively scarce, meaning that they are not available in unlimited quantities. These goods are typically the objects of human desires and are subject to supply and demand dynamics in the market. Examples of economic goods include food, clothing, electronics, and vehicles. It is important to note that economic goods are different from free goods, which are unlimited in supply and do not have a monetary value attached to them.