Which term describes tangible items that can be bought or sold?

Which term describes tangible items that can be bought or sold?

• A. Government
• B. Goods
• C. GDP
• D. Governing Bodies

Answer: (B)

Tangible items that can be bought or sold are called goods. These are physical things you can touch and own, like clothes, cars, or food, and they’re exchanged in markets for money. That makes goods the correct term for describing items you can physically trade. The other terms refer to different ideas: government or governing bodies are organizations that run a country, GDP is a measure of the total value of all goods and services produced, and services are intangible actions or tasks (like a haircut) rather than physical items. So the description points to goods.

Tangible items that can be bought or sold are called goods. These are physical things you can touch and own, like clothes, cars, or food, and they’re exchanged in markets for money. That makes goods the correct term for describing items you can physically trade. The other terms refer to different ideas: government or governing bodies are organizations that run a country, GDP is a measure of the total value of all goods and services produced, and services are intangible actions or tasks (like a haircut) rather than physical items. So the description points to goods.