The question Should we produce LCD televisions or computer monitors? is an example of a ________ question.
A) how B) what C) why D) where E) for whom
Question 2
For the CPI to provide an accurate measure of the prices paid by urban consumers, it is necessary to
A) have a market basket that is consistent and corresponds to what households actually purchase.
B) make certain that the incomes of the consumers surveyed do not change because such a change would affect the market basket of the goods and services they buy.
C) change the market basket each month to reflect the changes that consumers make.
D) assign equal weights to all the goods and services included in the market basket surveyed so that nothing is over-weighted.
E) have prices stated in dollars so consumers can compare what they spend.
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economic question
Suppose a country imports televisions. The country's supply and demand curves are shown in ...