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A Commodity, as Defined in Chapter 2, Is

Question 20

Multiple Choice

A commodity, as defined in Chapter 2, is:


A) something that is produced for the purpose of providing gifts
B) a good that is unique
C) produced for sale in a price-setting market for purposes of making profit
D) something that cannot be exchanged for money
E) a good that is owned by the community as a whole.

Correct Answer:

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