While the CPI focuses on changes to prices for consumers, the PPI:
A. measures the prices of goods and services purchased by firms.
B. stands for the producer price index.
C. looks specifically at the price changes that affect the typical producer.
D. All of these statements are true.
D. All of these statements are true.
Economics
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Which of the following is NOT an expected benefit of reducing nontariff barriers to trade?
A) Fewer firms to compete with B) Lower prices for many goods C) Increase in the volume of exports and imports D) Improved overall economic welfare
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A change in quantity demanded of a good always results from a change in
a. income b. tastes c. the price of the good d. both income and tastes e. the price of other goods
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