The core inflation rate measures changes in the
A) prices of consumer goods except health care.
B) prices of all consumer goods.
C) prices of consumer goods except food and fuel.
D) price of only two consumer goods: food and fuel.
E) prices of all the "core" goods and services a typical family buys.
C
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Competitive firms frequently use advertising to differentiate their product from their competitors' products
a. True b. False Indicate whether the statement is true or false
For each watch Denmark produces, it gives up the opportunity to produce 50 pounds of cheese. France can produce two watches at a cost of 150 pounds of cheese. Which of the following is true?
a. Denmark has a comparative advantage in producing both watches and cheese. b. France has a comparative advantage in producing both watches and cheese. c. France has the comparative advantage in producing watches. d. Denmark has the comparative advantage in producing watches. e. Denmark has the comparative advantage in producing cheese.