Which of the Following Best Defines the Term Commodity

question 9

Multiple Choice

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.

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Definitions:

Alfred Landon

A prominent American politician, known for being the Republican nominee for President in 1936 but was defeated by Franklin D. Roosevelt.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to restore and reform the U.S. economy during the Great Depression.

Timid Politics

A form of political action characterized by hesitance, caution, or a lack of boldness in policy-making and leadership.

American Way

A phrase referring to the unique cultural and social norms, values, and ideals that are perceived to characterize the United States.