Which of the following refers to primary agricultural products that can be traded?

The term that best refers to primary agricultural products that can be traded is "commodities." Commodities are basic goods that are interchangeable with other goods of the same type and are often raw materials or primary agricultural products. In this context, they include crops, livestock, grains, and other agricultural products that are produced for sale in the market.

The significance of commodities lies in their standardization and the fact that they are often traded on exchanges, making them important in global trade and economics. The trading of agricultural commodities plays a crucial role in the food supply chain, affecting prices and availability.

In contrast, consumer goods refer to products that are purchased for personal consumption, while capital products are used by businesses to produce goods and services rather than being sold directly to consumers. Services, on the other hand, are intangible products that cannot be stored or traded in the same manner as agricultural commodities. Therefore, "commodities" encompasses a specific category of tradeable agricultural products, distinguishing it from the other options.