When something is indexed:
A. its value is automatically adjusted in proportion to the cost of living.
B. its real value is converted into nominal terms for comparison.
C. it is expressed as nominal value multiplied by price index.
D. its relative rank in consumption items is compensated for relative to its cost.
Answer: A
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What will be an ideal response?
Which of the following market structures is most similar to perfect competition?
A) Monopsony. B) Monopolistic competition. C) Oligopoly. D) Monopoly.
Which of the following is FALSE about public-sector decision making?
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Ben consumes soda and cheeseburgers. If his marginal utility from sodas is currently 20, and his marginal utility from cheeseburgers is 10, and the price of cheeseburgers is twice the price of sodas, a. Ben is in equilibrium
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