Which of the Following Is the Best Example of Substitutes

question 49

Multiple Choice

Which of the following is the best example of substitutes?

• A)coffee and cream
• B)videotapes and VCRs
• C)money and biscuits
• D)tortillas and salsa
• E)hiking boots and athletic shoes

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

S&P 500 Index Futures

Financial contracts to buy or sell the Standard & Poor's 500 Index at a future date, used for hedging or speculative purposes.

Overpriced

A situation where a security or asset is trading at a price higher than its intrinsic value or fair value.

Sell

To transfer ownership of a security or other asset in exchange for money or value.