The Laspeyres price index has the disadvantage that the consumption pattern in the initial period might be quite different from that in the current period and, hence, does not reflect accurately the current consumption cost

Indicate whether the statement is true or false

TRUE

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Henry made an offer To purchase real property. However, he died of a heart attack before the listing broker could notify him of an unqualified, signed acceptance by the seller. Based on these facts, which of the following is true?

A. Notification to the administrator or executor would bind the estate. B. The death of Henry constituted a revulsion of the offer. C. The offer and acceptance constitute an enforceable contract. D. The sale would not be binding because the deed was not delivered before Henry's death.

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Sylvester and JoAnn have both been laid off work during the last year and are now very poor. They found out that needy families can receive medical benefits through Medicaid. In addition, JoAnn found out that Medicaid can be used

A) by the aged. B) by the blind. C) by disabled persons. D) for Medicare premiums, deductibles, and co-payments. E) all of the above.

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