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Vesna [10]
3 years ago
14

A price index is: Multiple Choice the cost of a market basket of goods and services in a base period divided by the cost of the

same market basket in another period. a comparison of the current price of a market basket to a fixed point of reference. a comparison of real GDP in one period relative to another. a ratio of real GDP to nominal GDP.
Business
1 answer:
jarptica [38.1K]3 years ago
6 0

Answer:

a comparison of the current price of a market basket to a fixed point of reference.

Explanation:

A price index measures how prices change over time. It is a measure of inflation. It compares the current price of a market basket to a fixed point of reference or a base point.

Inflation is a persistent rise in the general price levels

types of price indexes

1. Producer price index measures the goods and services produced. this would not increase because it is used cars that is being examined

2. The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Because the price of price of used cars and trucks in US has increased , the CPI would increase

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

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Which of the following is a current asset?
Arturiano [62]

Answer:

D

Explanation:

Current assets are considered short-term assets because they generally are convertible to cash within a firm's fiscal year, and are the resources that a company needs to run its day-to-day operations and pay its current expenses. ...

3 0
3 years ago
Define a total system inventory. Multiple choice question. It is the period of time when an unknown amount of inventory is on ha
sweet-ann [11.9K]

Answer:

It is the sum of the inventory held across all of the locations in a company.

Explanation:

Total system inventory is a business term that is used in describing the total sum of the inventory held by a particular company across all of the locations in which that company is situated regardless of whether vacant or rented.

Hence, in this case, the correct answer is option B

3 0
3 years ago
Recently the United States imposed a 35% tariff on Chinese tire imports in hopes of sustaining U.S. Jobs in tire manufacturing.T
pogonyaev

Answer:

This is an example of increasing protectionism.

Explanation:

Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are

  • Tariffs
  • Quotas
  • Subsidies
  • Product standards

In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.  

This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.

3 0
3 years ago
In damselflies a basal quadrangular cell in the wing venation is called​
Burka [1]
The answer is discoidal cell
7 0
3 years ago
Which statment best summerizes the role of supply and demand in setting prices for goods​
nadezda [96]

Answer:

if there is more and more of something, it has less demand

Explanation: hope this helps!

6 0
2 years ago
Read 2 more answers
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