The Consumer Price Index measures A) the average of raw ...

[DelorasTo]

The Consumer Price Index measures
 
  A) the average of raw material prices paid by producing firms.
  B) the level of prices with respect to goods and services purchased by a typical consumer in urban areas.
  C) the average of the prices of all goods produced in a country and goods imported from other countries.
  D) hourly wage rates of manufacturing workers.

Question 2

Which of the following is an example of a price ceiling?
 
  A) the minimum wage
  B) agricultural price supports
  C) rent controls
  D) None of the above is correct.

[carolinefletcherr]

Answer to Question 1

B

Answer to Question 2

C

[DelorasTo]

Thanks for the timely response, appreciate it

[nguyenhoanhat]

TYSM