Final answer:
The statement is true; services are typically produced and consumed simultaneously, unlike goods which are tangible items that can be used over time.
Step-by-step explanation:
One difference between a good and a service is that services are often produced and consumed simultaneously. This statement is true. Goods are tangible items that you receive and can use or consume over time. Services, on the other hand, are intangible and are typically consumed at the same time they are produced. Examples of services include haircuts, medical check-ups, or banking, which all involve a service provider directly interacting with the customer to deliver the service as it is being 'consumed.'