To which of the problems in the construction of the CPI is the invention of pocket-sized computers most relevant?
a. substitution bias
b. introduction of new goods
c. unmeasured quality change
d. income bias
b
Economics
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The most important determinant of consumption and saving is the:
A. level of bank credit. B. level of income. C. interest rate. D. price level.
Economics
A pure monopoly may generate economic profits because ________.
A. marginal revenue is constant as sales increase B. of barriers to entry C. of rising average fixed costs D. of advertising
Economics