The answer is (a). Goods can be touched, while services are providing labor and cannot be touched. For example, you cannot touch a haircut, while you can touch a burger.
The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.
<h3>
What is Scarcity?</h3>
According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.
It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.
Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>
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<span>A reload fee is a fee that is charged to a prepaid card because you are loading funds onto the card when you have them available. The reload fee applies to cards in which the cash is "real" versus chargining to a credit card to pay at a later time. The credit card company will charge a late fee, balalnce transer fee and some will charge a membership fee. </span>
Answer:
The public debt as a percentage of GDP in the United States, reached its lowest point in recent decades, in 2001, when it represented 54.9% of GDP.
After that year, this indicator began to increase, at first slowly, and from 2007 on very rapidly, propelled in part by the financial crisis. In 2010, the public debt as percentage of GDP was 89.3%.