Goods, as well as, services are the two key items that are offered to the consumers and ensure the occurrence of economic activities to take place.
The statement asserting that 'the key distinction between goods and services is that the manner the producer employs various factors in producing them' would be considered:
b). False.
Examples, clothes, shoes, jewelry, etc.
Example: Barber, Tutor, Doctors, etc.
Thus, the statement is false as services are not produced but offered.
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