Which of the following prices is least likely to be included in the Consumer Price Index?
a. The price of used bicycles
b. The price of a haircut
c. The price of imported South American grapes
d. The price of a steamroller
e. The price of a loaf of bread
D
You might also like to view...
Of the following, the one that appears in the current account of the balance of payments is
A) an Italian investor's purchase of IBM stock. B) income earned by U.S. subsidiaries of Barclay's Bank of London. C) a loan by a Swiss bank to an American corporation. D) a purchase of a British Treasury bond by the Fed.
The existence of labor unions could contribute to real-wage rigidity, except that in the United States
A) labor unions are outlawed. B) most workers aren't in unions. C) unions are interested in benefits, not wages. D) unions try to increase employment rather than negotiating over wages.