Which of the following is true about the Consumer Price Index (CPI)?
A. It helps product markets place an upper limit on the pay an organization will offer.
B. Following and studying changes in the CPI helps employers prepare for changes in the demands of the labor market.
C. It helps organizations lure top-quality employees.
D. The CPI helps control labor market's demand for pay increases.
E. It helps organizations to compete with companies in other industries that hire similar employees.
Answer: B. Following and studying changes in the CPI helps employers prepare for changes in the demands of the labor market.
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In order for a government to establish an effective estate tax, it is necessary that there be
A) a progressive income tax. B) a regressive income tax. C) an inheritance tax. D) a gift tax.