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Author Question: Which of the following makes the Consumer Price Index a less accurate measure of the cost of living? ... (Read 39 times)

humphriesbr@me.com

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on: Jun 30, 2018
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.


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matt

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


humphriesbr@me.com

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

anyusername12131

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Reply 3 on: Yesterday
Gracias!

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