Ask a New Question
Menu

Which of the following best defines the term commodity?

Option A
A benefit given to those who participate in the capitalist market.

Option B
An economic system which adheres to the principles of socialism.

Option C
An activity that benefits people, such as health care, education, and entertainment.

Option D
A physical object we find, grow, or make to meet our needs and those of others.

Question 2
Question 2
10
Points
Question 2
Davis is low on cash, but really wants an electric guitar. He offers to trade his acoustic guitar, for his friend Bill’s electric guitar. Davis is engaging in:

Option A
Bartering

Option B
Supply and demand

Option C
Capitalism

Option D
Mercantilism

Question 3
Question 3
10
Points
Question 3
Émile Durkheim described mechanical solidarity as:

Option A
A form of social cohesion that comes from sharing similar work, education, and religion, as might be found in simpler societies

Option B
A form of social cohesion that arises out of the mutual interdependence created by the specialization of work

Option C
A practice where jobs are contracted to an outside source, often in another country

Option D
A form of socialism under which individuals and cooperative groups exchange products with one another on the basis of mutually satisfactory contracts

Question 4
Question 4
10
Points
Question 4
What is one reason unemployment statistics are unreliable?

Option A
Different states define unemployment in different ways.

Option B
Those surveyed frequently lie about their employment status.

Option C
The government only surveys those who have been out of work for a year or more.

Option D
The statistics include only those who are currently looking for work.

1 answer

Here are the best answers for each question:

Question 1 Which of the following best defines the term commodity?

  • Option D: A physical object we find, grow, or make to meet our needs and those of others.

Question 2 Davis is low on cash, but really wants an electric guitar. He offers to trade his acoustic guitar for his friend Bill’s electric guitar. Davis is engaging in:

  • Option A: Bartering

Question 3 Émile Durkheim described mechanical solidarity as:

  • Option A: A form of social cohesion that comes from sharing similar work, education, and religion, as might be found in simpler societies

Question 4 What is one reason unemployment statistics are unreliable?

  • Option A: Different states define unemployment in different ways.

Feel free to ask if you have more questions!