Answer:
The consumer price index is used to measure the quantity of goods and services that the economy is producing.
Explanation:
CPI or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.
As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar. CPI is all about changes in prices and nothing to do with the production of goods and services.
The correct option is: B.
The opportunity cost of providing 100 additional units of medical care would be 400 warheads.
<h3>What is opportunity cost?</h3>
According to microeconomic theory, an activity's opportunity cost is the value or advantage that would be lost if it were chosen over another that would provide a higher return on investment.
<h3>What is opportunity cost and example?</h3>
When economists speak of a resource's "opportunity cost," they are referring to the cost of the next-highest alternative usage of that resource.
For instance, if you spend time and money going to the movies, you are not allowed to read a book at home during that time or spend the money on anything else.
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I understand that the question you are looking for is:
Refer to the figure below. If this economy is currently producing at point C, then the opportunity cost of providing 100 additional units of medical care would be:
Select one:
a. 800 warheads.
b. 400 warheads.
c. 200 warheads.
d. 100 warheads.
American Marketing Association recognizes the term advertising as – any paid form of non- personal presentation and promotion of ideas, goods and services by an identified sponsor. ... Advertising is a non-personal form of communication because it uses mass media forms.
Answer:
b. showrooming
Explanation:
Showrooming is when a shopper visits a store to check out a product but then may eventually purchases the product online if there is a better deal.
This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors. As such, local stores essentially become showrooms for online shoppers.
