The Composition and Appearance of a Product That Make It

question 2

Multiple Choice

The composition and appearance of a product that make it desirable constitute its ______ utility.

• A) form
• B) time
• C) exchange
• D) place

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Definitions:

Property Rights

Legal rights to use, control, and benefit from a property, including the ability to transfer it to others.

Ocean Fisheries

Areas in the ocean where fish are caught in large numbers for commercial purposes, crucial for food supply and economic activity in many parts of the world.

Fishing Quotas

Regulatory limits on the amount or type of fish that can be caught within a certain period to prevent overfishing and sustain fish populations.

Federal Government

The national government of a federated state, which holds the highest level of authority in the country, responsible for national defense, foreign policy, and other matters of national importance.