Economics textbooks (including our textbook) traditionally have distinguished Goods from Services. In 2019, services accounted for about 77% of the U.S. Gross Domestic Product (GDP).

Question 1 - Is an eText a good or a service? Read the following articles from The Conversation and The Atlantic to gain more insight into this distinction today.

https://theconversation.com/navigating-a-new-digital-era-means-changing-the-world-economic-order-160488

Navigating a new digital era means changing the world economic order (theconversation.com)

Think about how do choices determine what, how, and for whom goods and services get produced? Examples: - What: increased consumption of popcorn vs French fries - How: Drones deliver Covid-19 tests - For whom: In-state scholarships

In your answer consider when do choices made in self-interest also promote the social interest? _Microsoft OneDrive? _3M face masks? _Attending college? _Paying higher taxes? _International trade? _Installing solar panels at home

Question 2

2. Is that distinction always clear today? Provide an example.