Multiple choice general knowledge

Economists often refer to agricultural or mineral products as:

  1. Commodities

  2. Collectibles

  3. Durable goods

  4. None of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In economics, agricultural products and mineral products are classified as commodities because they are fungible goods that can be traded on exchanges. Collectibles are unique items valued for rarity, while durable goods are long-lasting manufactured products like appliances.