The statement "The income tax is unfair to those who work hard to earn their incomes" is an example of positive economic analysis

Suppose higher prices lead consumers to switch from shopping at Abercrombie & Fitch to shopping at Wal-Mart. If the CPI does not reflect this change, it is referred to as

A) a new goods bias. B) a quality change bias. C) an outlet substitution bias. D) a new price bias. E) store bias.

When you see a commercial on TV asking you to "look for the union label," the union is trying to

A) increase worker productivity. B) increase the demand for nonunion goods. C) increase the demand for union goods. D) decrease the demand for nonunion goods.