Cost-of-living adjustments are
A) changes in the basket of goods used in calculating the CPI.
B) automatic wage changes based on the CPI which are included in some union contracts.
C) quality measurements included in the calculation of the CPI.
D) averages of neighboring years' base prices used in constructing the CPI.
B
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The characteristic of ease of entry and exit ensures that perfectly competitive firms will be able to earn positive economic profits over the long run
Indicate whether the statement is true or false
Inflation refers to:
What will be an ideal response?
Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 28%, Nashbar Bicycle should
A. fund the remodeling of the distribution center and the on-site day care center. B. fund only the purchase of new tablet computers for its sales staff. C. not fund any of the projects. D. fund all of the projects.
Federal Spending in 2016 was
A. $4 billion. B. $400 trillion. C. $40 trillion. D. $4 trillion.