Question
"However, experience within the past year has demonstrated, on a small scale, some of the dangers that may result from holding the support level for any commodity too high."
What does the word "commodity" mean?
1. something expensive
2. something complicated
3. something that can be purchased
4. something that can be difficult to obtain
What does the word "commodity" mean?
1. something expensive
2. something complicated
3. something that can be purchased
4. something that can be difficult to obtain
Answers
GPT-4o mini
The correct answer is 3. something that can be purchased.
In economics, a "commodity" refers to a basic good used in commerce that is interchangeable with other goods of the same type, and can be bought and sold.
In economics, a "commodity" refers to a basic good used in commerce that is interchangeable with other goods of the same type, and can be bought and sold.