Using a Paasche index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices.
B) weights prices with base-year quantities.
C) weights quantities with base-year prices.
D) weights prices with current year quantities.
D
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Refer to the figure below. In this game, how many dominant strategies does Player B have?
A. 0 B. 4 C. 2 D. 1
Which of the following statements about nominal interest and real interest is true?
A. Nominal interest is a yearly rate and real interest is a monthly rate. B. Nominal interest does not adjust for inflation, whereas real interest does. C. Nominal interest is what the lender receives and real interest is what the borrower pays. D. Nominal interest and real interest are two ways of saying the same thing.
The Vendor List contains information about:
a. Addresses, contacts and phone numbers of customers b. Addresses, contacts and phone numbers for suppliers c. Quantities and prices of items on hand d. All of these
Curly told Larry about his new business venture: Curly pays Acme International $1,000 per month for supplies, works out of his apartment on his own computer and earns a monthly revenue of $1,500. Should Larry quit his job and do what Curly is doing?
A. Yes, as long as Larry has at least $1,000 in savings to get started. B. Not if Larry is earning more than $500 per month at his current job. C. Yes, as long as Larry can work out if his apartment and owns a computer. D. Not unless Larry can borrow the $1,000 monthly payment at no interest.