Asked by alonna michaux on Jun 19, 2024
Verified
A good for which one unit of the good is essentially the same as every other unit of the good is known as a(n) ________
A) infungible good
B) fungible good
C) identifiable good
D) minimalist good
E) allocated good
Fungible Good
Items that are interchangeable because they are of equal value or identical in important aspects.
Identifiable Good
A distinct item of personal property that can be recognized individually, as opposed to being a fungible part of a larger quantity.
- Acquire knowledge on the principles underlying the change of ownership via voluntary transfer, finding, creation, and blending.
Verified Answer
KW
Kaitlynn WilkinsonJun 23, 2024
Final Answer :
B
Explanation :
Fungible goods are items that are interchangeable because each unit is essentially the same as every other unit, making them perfect for trade or exchange.
Learning Objectives
- Acquire knowledge on the principles underlying the change of ownership via voluntary transfer, finding, creation, and blending.