What Are Commodities? - Definition, Types & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a commodity?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. How do prices vary for commodities?

2. What are some general types of commodities?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

With this quiz/worksheet combo, you will be assessed on your understanding of commodities, price variation, and classifications of commodities.

Quiz & Worksheet Goals

You will be tested on your knowledge of:

  • Definition of commodity
  • Metal commodities
  • Relationships between commodities and other countries
  • Variation of prices

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about international trade in a different light
  • Information recall - access the knowledge you've gained regarding the economy
  • Reading comprehension - ensure that you draw the most important information from the related lesson on commodities

Additional Learning

Want to learn more about commodities? Check out the accompanying lesson titled What are Commodities? - Definition, Types & Examples. It covers topics like:

  • Examples of Commodities
  • Purpose of pricing commodities
  • Relationship between different commodities
Support