Answer:
B. Chain weighted Index
Explanation:
Chain weighted index is a technique that measures changes in price and spending patterns of individuals and economy. It is an alternative form to the traditional consumer price index. It is used in calculating changes in price using average price from base year gotten from consecutive years. The chain weighted index puts products substitutions and other factors that affects spending made by consumers into consideration. Chain weighted index helps in estimating the real GDP.
Answer:
The correct statement from the following options is (E) If the bonds' market interest rate remains at 10%, Bond X's price will be lower one year from now than it is today.
Explanation:
This is because bond X has the highest annual coupon percentage and a yield to maturity of 10%, so if the bonds' market interest remains unchanged, the bond's price one year from now will be lower than it is today.
Answer:
Import quotas and tariffs cause a decline in economic welfare.
Explanation:
Despite of difference in opinion of economists these are the propositions on which 93 percent of economists agree according to a survey. As for other propositions of economics its hard to chose two random economists agreeing with each other.
Answer:
a. value of all the alternatives not chosen
Explanation:
Opportunity cost is the value of the alternative forgone. it is also called real cost or alternative forgone.
It is an economic concept that stems from the fact that wants are unlimited however, the resources available to satisfy those wants are limited and as such, choices have to be made.