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Match Each Numbered Entry with the Most Relevant Lettered Entry

question 33

Multiple Choice

Match each numbered entry with the most relevant lettered entry below.
-equivalent of a guarantee


Definitions:

Commodity 1

A generic term for a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

Commodity 2

Typically refers to a basic good used in commerce that is interchangeable with other goods of the same type.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

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