Question

from the economic report of the president
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.
(from \the economic report of the president\ by president harry s. truman)
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

Explanation:

To determine the meaning of "commodity", we analyze the options:

• Option 1: "Expensive" is not the core meaning of commodity (commodities can be cheap or expensive).
• Option 2: "Complicated" is irrelevant to the term's definition.
• Option 3: A commodity is a good or service that is bought and sold, so it's something that can be purchased.
• Option 4: "Difficult to obtain" is not inherent to the definition of a commodity (many commodities are easily obtainable).

Answer:

1. something that can be purchased