Question

from the economic report of the president
however, experience within the past year has demonstrated, on a small scale, some of the dangers that may result from holding the support level for any commodity too high.
(from \the economic report of the president\ by president harry s. truman)
what does the word commodity mean?

1. something expensive
2. something complicated
3. something that can be purchased
4. something that can be difficult to obtain

Explanation:

The word "commodity" refers to a good or service that can be bought or sold, i.e., something that can be purchased. Option 1 refers to expense, option 2 to complexity, option 4 to difficulty in obtaining, but "commodity" is about being tradable/purchasable.

Answer:

1. something that can be purchased