Praxis 7815 Practice Question
Which of the following statements best explains the difference between goods and services?
Correct Answer: C
Rationale: Option C accurately distinguishes goods from services by emphasizing that goods are tangible objects you can touch and own, while services are intangible actions or activities performed for others.
Option A is misleading; both goods and services often involve costs, and services can also be voluntary.
Option B incorrectly suggests there is only one kind of service, whereas services vary widely, just like goods.
Option D is overly simplistic; consumers typically require both goods and services in their daily lives, making this statement inaccurate.
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