Assume that Spain will either specialize in producing cars or TVs. What is their opportunity cost of producing 8 TVs?

An advantage of the personal consumption expenditures price index (PCE) over the Consumer Price Index (CPI) as a measure of inflation is that the PCE

A) is a fixed market-basket price index that does not allow the mix of products to change each year. B) includes the prices of consumer services, but not consumer goods. C) includes the prices of more consumer goods and services. D) includes the prices of consumer goods, but not consumer services.

What are the preconditions for labor productivity growth?

What will be an ideal response?