Which of the following best defines the term commodity? a. A physical object we find, grow, or make to meet our needs and those of others. b. An activity that benefits people, such as health care, education, and entertainment. c. An economic system which adheres to the principles of socialism. d. A benefit given to those who participate in the capitalist market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following best defines the term commodity? a. A physical object we find, grow, or make to meet our needs and those of others. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Shane has been using Google to search the internet for sports equipment. The next time he logs onto the web, he notices an ad from Academy Sports for sports equipment similar to what he had examined previously.
Answers (1)
If a tax is imposed on a good where both supply and demand are somewhat elastic, but demand is more elastic than supply, the burden of the tax will be borne A. by producers alone. B. by consumers and producers equally. C. by consumers alone. D.
Answers (1)
When an accountant is associated with a financial statement as part of a personal financial planning engagement, the accountant's report should include a statement that Multiple Choice we are not aware of any material modifications that should be
Answers (1)
The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances.
Answers (1)
Which economic policy was most successful during the Great Depression?
Answers (1)
New Questions in Business
In some years, weather patterns have caused there to be few fish in local lakes, and anglers have gone elsewhere. also, invasive carp are threatening the lakes and may someday cause fish stocks to drop indefinitely.
Answers (1)
Suppose your uncle purchased a bond that pays $100 in 5 years. If the interest rate is 6%, what is the present value of the bond? a. - 69. 37b. - 74.73c. - 97.54d. - 87.35e. - 80.11
Answers (1)
True or false? John says to his friend, "This concert is going to cost me $20 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $20 since you have to miss work.
Answers (1)
Tracy company, a manufacturer of air conditioners, sold 200 units to thomas company on november 17, 2016. the units have a list price of $550 each, but thomas was given a 25% trade discount. the terms of the sale were 2/10, n/30.
Answers (2)
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $100,000 Marketing 22,000 Administrative 18,000 Variable costs: Manufacturing $114,000 Marketing 31,000 Administrative 40,000 During
Answers (1)