Which of the following is NOT a source of bias in the CPI?
i. quality change bias
ii. new goods bias
iii. quantity change bias
A) ii and iii B) iii only C) i only D) ii only E) i and ii
B
Economics
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Consider two individuals, Ozzy and Sharon, who produce toy boats and yoyos. Ozzy's and Sharon's hourly productivity are as follows:
Yoyos /hour Toy boats /hour Ozzy 12 4 Sharon 10 5 Who has the absolute advantage or comparative advantage in the production of yoyos or boats?
Economics
To draw your budget line between steak and lobster, all you need to know is the price of a steak and the price of a lobster
Indicate whether the statement is true or false
Economics