Assume that black beans and rice are consistently in the diet of one particular family. How could you tell if these goods were complements, substitutes, or unrelated goods?
a. If the price of black beans rose and the consumption of rice remained the same, they would be substitutes.
b. If the price of black beans rose and the consumption of rice increased, they would be substitutes.
c. If the price of black beans rose and the consumption of rice decreased, they would be substitutes.
d. If the price of black beans rose and the consumption of both goods remained the same, they would be complements.
B
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What will be an ideal response?
Which of the following statements is correct?
A) assets plus liabilities equal net worth B) assets plus net worth equal liabilities C) assets equal liabilities plus net worth D) liabilities minus net worth equal assets
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