A commodity is defined as an object or good that is bought or sold in the market. This can include physical items as well as tradable resources or goods. Choices B, C, and D do not fit the definition of a commodity as they refer to personal creations, skills passed on, and extinct skills, respectively, which are not necessarily bought or sold in markets.

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A Commodity Is

Question 59

Multiple Choice

A commodity is

A) an object bought or sold in the market
B) an object you make for yourself to enjoy
C) a skill you pass on to a member of the next generation
D) a skill that is now extinct because of competition from global culture

Correct Answer: