Which of the following makes the Consumer Price Index a less ...

[humphriesbr@me.com]

Which of the following makes the Consumer Price Index a less accurate measure of the cost of living?
 
  i. The monthly price survey conducted to collect information about prices is very unreliable.
  ii. The existence of a new goods bias in the calculation of the CPI
  iii. The existence of a quality change bias in the calculation of the CPI
  A) i, ii, and iii B) i and ii C) i only D) ii only E) ii and iii

Question 2

Refer to Figure 18.2. The opportunity cost of producing fishing poles in Macadamia is
 
  A) 3/4 of a spear. B) 5/6 of a spear. C) 6/5 spears. D) 4/3 spears.

[matt]

Answer to Question 1

E

Answer to Question 2

B

[humphriesbr@me.com]

Thanks for the timely response, appreciate it

[Chelseyj.hasty]

Great answer, keep it coming