Question

Economics studies only physical goods. (Give answer in true or false​

Answer 1

Answer:

Here's Your Answer

Explanation:

False.

Answer 2

Answer:

Explanation:

An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance.