This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the CPI changes from 125 to 120 between 2015 and 2016, how did prices change between 2015 and ... (Read 77 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
If the CPI changes from 125 to 120 between 2015 and 2016, how did prices change between 2015 and 2016?
 
  A) Prices increased by 25. B) Prices decreased by 5
  C) Prices decreased by 4. D) Prices increased by 5.

Question 2

Suppose that a local government decides to provide more funds to the local police department in order for the department to hire additional police officers. Is there an opportunity cost of this action? If so, how would you measure it?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frogdreck123456

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Yes, there is an opportunity cost. The opportunity cost should be measured by the next best alternative use of the funds provided to the police department.


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 29, 2018
Gracias!

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The FDA recognizes 118 routes of administration.

Barriers to change Barriers to change
Global Climate Change Global Climate Change
Climate Change: Timescale decades to centuries Climate Change: Timescale decades to centuries
Climate Change: Volcanoes Timescale Climate Change: Volcanoes Timescale
Neutral Technological Change Neutral Technological Change
Determine the enthalpy change of this reaction Determine the enthalpy change of this reaction
Video: Mutations and translation

For a complete list of videos, visit our video library