The Correct Answer and Explanation is:
Based on the clearest question visible in the image, “Which of the following is an example of a good?”, the correct answer is T-shirt.
Explanation
This question tests the fundamental economic distinction between goods and services. In economics, a “good” is defined as a tangible, physical item that can be purchased, owned, and used to satisfy a human want or need. The key characteristic of a good is its physical nature; it is an object that you can see and touch. Goods are typically produced, can be stored for future use, and their ownership can be transferred from a seller to a buyer. A T-shirt clearly meets this definition. It is a manufactured, physical product that a consumer can buy, wear, and keep.
Conversely, a “service” is an intangible action, process, or task that one person performs for another. Services are not physical objects. They are consumed at the moment they are produced and cannot be stored or owned in the same way as a good. The value of a service lies in the skill, labor, or experience provided.
Analyzing the other options illustrates this difference. A haircut is a classic example of a service. You are paying a barber or stylist for their time and expertise in the act of cutting your hair. You receive a result, but not a physical product to take home. A car wash is also a service; it is the process of cleaning your vehicle. You pay for the action, not for a tangible item. A movie ticket, while a physical piece of paper, represents the purchase of a service. The ticket’s primary value is that it grants you access to the service of entertainment, which is the experience of watching a film. The experience itself is intangible. Therefore, the T-shirt is the only choice that is a physical, tangible good rather than an intangible service.
