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 le
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:

In an economic context, a commodity is a good or service that can be bought and sold. The other options (expensive, complicated, difficult to obtain) are not the standard economic definition.

Answer:

1. something that can be purchased