Headline inflation:
A. measures the changes in prices for the entire market basket of the average urban consumer.
B. is inflation measured using the producer price index.
C. measures price changes with food and energy costs taken out of the basket.
D. is inflation measured using the retail price index.
A. measures the changes in prices for the entire market basket of the average urban consumer.
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Monetary costs and opportunity costs are always identical
a. True b. False Indicate whether the statement is true or false
A report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000. If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?
A. $27.47 B. $26.92 C. $21.13 D. $26.40
Refer to the table below. If Tacos R Us sells its taco shells and taco sauce as a package, what is the profit-maximizing price for the bundle?
Tacos R Us sells two different types of products; taco shells and taco sauce. For simplicity, assume that the marginal cost of each product is $0, so that Tacos R Us' total revenue is also its total profit.
A) $7
B) $18
C) $10
D) $9
When aid is in the form of free or remarkably reduced priced goods, it is known as:
A. goods in-kind donations. B. freebies. C. direct donations. D. consumable donations.