If the data collected by policy makers overstate inflation, this is an example of

Cheating in a cartel is more likely to occur if the industry

A) has a large number of firms. B) has homogeneous products. C) has easily observable prices. D) has little variation in prices.

A typical American family sends about _____% of its budget on services

a. 20% b. 32% c. 66% d. 70%