Question

_________ goods are goods that do not have a physical nature as opposed to material objects.

• A. Tangible
• B. Intangible
• C. Non-economic
• D. Economic

Answer 1

The correct option is B Intangible

Intangible goods refer to goods that do not have physical forms. So, they cannot be seen or touched. Intangible activities encompass service activities such as teaching, styling, and consulting. Thus, the service sector does not produce any tangible goods like the agricultural or the industrial sectors.