2
QuizMultiple Choice

Study Guide and Quiz

Question 2 • GA-Introduction to Business and Technology

What is a commodity?

Answer
A
Something that producers are unable to sell to consumers.
B
A resource that is available in unlimited quantities.
C
An exchange between a producer and a consumer.
D
Something of value that can be bought, sold, or traded.

Explanation

A commodity is something valuable that can be bought, sold, or traded. It may be a raw material or another good exchanged in a market, so choice D is correct. It is not an unlimited resource or the exchange itself.

AI-written and checked against the verified answer.

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