Which of the following price indices comes closest to measuring the cost of living of the typical household?
A) GDP deflator B) consumer price index
C) producer price index D) household price index
B
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Selecting the wrong leadership style can result in all of the following EXCEPT:
a. resistance instead of commitment to an idea b. wasted timed c. unhappy or hostile employees d. acceptable solutions
Why are prices for groceries and household items typically higher at a 24-hour convenience store compared to stores open from 6 am to 11 pm?
A) Shoppers' options are generally fewer in the middle of the night. B) The elasticity of demand of the middle-of-the-night shopper is typically higher than the mid-day shopper's elasticity. C) The owners of the 24-hour stores are typically more selfish than the others. D) The owners of the 24-hour stores are more interested in maximizing net revenue compared to the others.