Question

In economics goods includes material things which _______.

• A. can be transferred
• B. can be exchanged for one another
• C. both
• D. none

Answer 1

Answer: (C)

both

Economic goods refer to those goods which can be transferred from one place to another and can be exchanged for one another. For example, cloth is an economic good which can be transferred from one place to another; it can also be exchanged for another different good. ( Say pen)