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Question

A farmer has 5 kg of rice and he sells it to a merchant. The merchant asks him to deliver the rice to his house, 10 km from the farm. Which of the following is/are exchanged here for money?


A
Money
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B
Goods
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C
Services
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D
Goods and services
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Solution

The correct option is D Goods and services
In this case, the farmer delivers the crops to the merchant's house in exchange for a certain sum of money. This involves the exchange of both crops and a delivery service that the farmer does for the merchant. Hence, there is an exchange of goods and services.

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