The principle of substitution applies to what property characteristics?
A. Use
B. Income
C. Structural design
D. All of the above
Answer: D. All of the above
Explanation: The principle of substitution refers to substituting one property for another that is equivalent in terms of use, income, or structural design.
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Which of the following questions would be more important for Chisholm to evaluate before presenting his manufacturing recommendations to shareholders?
A) What was the impact of the exchange rate on European exports last year? B) What is the currency risk of exporting additional Plas-Tex products to Europe? C) How effective has the Plas-Tex marketing campaign been in Europe? D) What was the impact on Plas-Tex sales when the euro depreciated last year?