What does the exchange value of a product define?
A) its worth
B) its price
C) its value
D) its funds

Question

Quizplus · Accepted Answer

The exchange value of a product refers to the price at which it is sold in the market. Therefore, the answer is B, as the price of the product is determined by its exchange value. Option A is incorrect because the worth of a product may be subjective and can vary from person to person. Option C is incorrect because the value of a product may refer to its usefulness or utility, which is not necessarily related to its exchange value. Option D is also incorrect as it is unclear what is meant by "funds" in relation to the exchange value of a product.

What Does the Exchange Value of a Product Define