In the table shown above, the total cost of the market basket in 2010 was

A. $6.00.
B. $85.00.
C. $60.00.
D. $8.50.


Answer: C

Economics

You might also like to view...

Charging risk-based insurance premiums is a time-honored principle of insurance management to reduce

A) moral hazard. B) adverse selection. C) free riding. D) principal-agent problems.

Economics

Graphs are valuable because they facilitate interpretation of data

a. True b. False Indicate whether the statement is true or false

Economics

In 1998, adjusted for inflation, crude oil and gasoline prices were

A. about average. B. quite low. C. slightly above average. D. quite high.

Economics

Refer to the given figure.If the Federal Reserve wants to set the nominal interest rate at 1 percent, it must conduct open market ________ to set the money supply at ________.

A. purchases; 900 B. sales; 900 C. purchases; 300 D. sales; 100

Economics