The items included in the CPI are
A) final goods produced in the United States.
B) final goods and services produced in the United States.
C) goods and services consumed by the typical urban household.
D) only goods and services produced within the current year and consumed by the typical household.
E) goods but not services consumed by the typical urban household.
C
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Which of the following both reduce net exports?
a. exports rise, imports rise b. exports rise, imports fall c. exports fall, imports rise d. exports fall, imports fall
All industrialized countries have become “service economies.” Which factor helps explain this shift?
A. Trade unionism and failure of the manufacturing sector to grow B. Information age and laborsaving innovation in manufacturing C. The decline in the number of workers possessing the required skills for industrial production D. The lack of competition in the service sector