Which of the Following Is the Best Example of Substitute

question 66

Multiple Choice

Which of the following is the best example of substitute goods?

• A)Coffee and cream
• B)Videotapes and VCRs
• C)Money and biscuits
• D)Tortillas and salsa
• E)Powdered and liquid laundry detergent

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Definitions:

Second Bank

A federal institution that served as the United States' central bank from 1816 to 1836, succeeding the First Bank of the United States.

Nicholas Biddle

A prominent early 19th-century American financier and President of the Second Bank of the United States, known for his battles with President Andrew Jackson over the bank's renewal.

Paul Volcker

An American economist who served as the Chairman of the Federal Reserve from 1979 to 1987, known for his measures to combat inflation by controlling money supply.

Supreme Court

The Supreme Court is the highest federal court in the United States, with the power to interpret the Constitution, review laws, and decide on cases involving states or the federal government.