The information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. The table also has 2010 prices. What is the value of the CPI for the base period 2000?
A) 140 B) 100 C) 30 D) 75 E) 133
B
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The demand for loanable funds curve shifts rightward when
A) expected profit decreases. B) the real interest rate rises. C) the real interest rate falls. D) expected profit increases. E) wealth rises.
________ describes the actions a firm takes to maintain the differentiation of its product over time
A) Brand management B) Product differentiation C) Advertising D) Aggressive marketing
Consider the hypothetical supply and demand of Kidneys.
Initially, Kidney exchanges are regulated to donations only. This means kidneys can only be exchanged at a price of zero. What is the deadweight loss from this restriction?
A. $0
B. $825,000
C. $1,350,000
D. $1200
When firms in an illegal market form a cartel, _____
a. they are able to supply higher quality products b. it becomes more difficult for police to detect their activities c. they are able to increase profits by behaving as a monopolist d. they face a deadweight loss e. they rely on goodwill to ensure the stability of the cartel