The CPI market basket is determined by
A) tax return data of households.
B) supermarket purchases recorded by scanner technology.
C) profit releases of the largest companies.
D) a consumer survey.
E) surveys asking large retail companies, such as Wal-Mart, about their sales of consumer goods and services.
D
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Which of the following is an effect of paper recycling on pulpwood?
a. Recycling leads to an increase in acreage devoted to pulpwood. b. Recycling leads to a decrease in acreage devoted to pulpwood. c. Recycling increases the demand for pulpwood. d. Recycling increases the market price of pulpwood.
In the case of Intimate Bookshop v. Barnes & Noble, Intimate alleged that Barnes & Noble
a. was bundling products in order to reduce competition. b. used technological advances to sell at lower prices. c. was buying books at discriminatory prices. d. had merged with other competitors in an effort to gain monopoly power.
Discounting allows comparisons of
a. money values and physical values. b. interest payments on borrowed funds and interest payments on loaned funds. c. money values received at different times. d. the quantities of outputs produced by different types of capital goods.
A monopoly might produce less than the socially optimal amount of pollution because
A) it likes to be a good citizen. B) it sets price above marginal cost. C) it earns economic profit. D) it internalizes the external costs.