Answer: False
Explanation:
All of the countries in Europe had some type of fiasco with Protestants or Catholics. Spain had a problem with Protestants, France had a problem with Catholics, and England had a problem with Catholics. The answer to your question is actually false.
In regards to this question, i was hoping for some choices to select from. As there are no choices given, so i would have to answer this question based on my knowledge and hope that it helps. Standard of living actually refers to a country's access to goods and services that help make up a vibrant and active economy.
Answer:
A. Changes in relative prices lead consumers to change the items they buy, and the CPI reflects this substitution
Explanation:
Prices in the market are sustained by the offer and demand of a good. When there is a high demand on a product or service this make its price increase, therefore, some sectors of the population may have no longer an opportunity to acquire this good if the price is too high.
On the other hand, if the offer surpases the demand at a great scale, the value on the product or service will simply drop and when prices are low then, it becomes possible for a bigger ammount of consumers to acquire the good.
This model has a direct impact on the consumer's choice whereas to select one good or not taking into consideration it's price. Here is where the CPI feeds with this tendency on consumer's choices and exposes a general outlook to the public.
