What measures the prices of products typically purchased by consumers and is used to measure inflation?

What measures the prices of products typically purchased by consumers and is used to measure inflation?
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measures the prices of products typically purchased by consumersand is used to measure inflation
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At a given time and in a given marketplace, the entire market demand curve indicates the (a) quantity of a good consumers would be willing and able to purchase at a given price. (b) quantity of a good consumers would be able to purchase at a series of prices. (c) quantity of a good consumers want to purchase at a given price (d) quantity of a good consumers have purchased at a series of prices over the year.

Description : At a given time and in a given marketplace, the entire market demand curve indicates the (a) quantity of a good consumers would be willing and able to purchase at a given price. (b) quantity of a ... a given price (d) quantity of a good consumers have purchased at a series of prices over the year.

Last Answer : (b) quantity of a good consumers would be able to purchase at a series of prices. 

Which of the following is the best definition of value ? 1. a technical measure of a company's selling price relative to its production costs 2. a measure of the mark-up charged by companies 3. the lowest prices available to consumers 4. the best price available for customer meeting his expectations 5. the ratio of benefits to costs available to buyers

Description : Which of the following is the best definition of value ? 1. a technical measure of a company's selling price relative to its production costs 2. a measure of the mark-up charged by ... price available for customer meeting his expectations 5. the ratio of benefits to costs available to buyers

Last Answer : the ratio of benefits to costs available to buyers

Consumers ________ low-cost products or items they buy infrequently. A. Prefer the lowest total cost of ownership of B. Remember prices of C. Are ambivalent to prices of D. Are more price sensitive to E. Are less price sensitive to

Description : Consumers ________ low-cost products or items they buy infrequently. A. Prefer the lowest total cost of ownership of B. Remember prices of C. Are ambivalent to prices of D. Are more price sensitive to E. Are less price sensitive to

Last Answer : E. Are less price sensitive to

The perception of price depends on A)a product's actual price and consumers' expectations regarding price. B)a consumer's analysis of competitive prices. C)a consumer's expectation of price. D)a product's actual price compared with the manufacturer's suggested price.

Description : The perception of price depends on A)a product's actual price and consumers' expectations regarding price. B)a consumer's analysis of competitive prices. C)a consumer's expectation of price. D)a product's actual price compared with the manufacturer's suggested price.

Last Answer : A)a product's actual price and consumers' expectations regarding price.

A genuinely new product, as the compact disc player once was, offers A)lower prices than existing products. B)at least two new product features. C)innovative benefits to consumers. D)better value than existing products.

Description : A genuinely new product, as the compact disc player once was, offers A)lower prices than existing products. B)at least two new product features. C)innovative benefits to consumers. D)better value than existing products.

Last Answer : C)innovative benefits to consumers.

Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Description : Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Last Answer : The theory of comparative cost advantage is given by

6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment spending is $2000. In order to avoid recessions and inflation (to have equilibrium), the government should have a: a. balanced budget b. budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Last Answer : c. budget surplus of $1000

With inflation eating into every pocket and Crude oil prices surging ... What should India look forward to?

Description : With inflation eating into every pocket and Crude oil prices surging ... What should India look forward to?

Last Answer : India is a booming and up-and-coming nation. Her stress on education and work ethic makes it much more productive, unlike us lazy Americans. Technology is becoming more advanced and widespread, expontentially ... is no longer considered a 3rd world but a nation on the verge of a economic revolution

Are high gas prices the cause or effect of inflation?

Description : Are high gas prices the cause or effect of inflation?

Last Answer : answer:Oil is a world-wide commodity marked in US Dollars (USD) that effects basically everything (we all need oil-based products to continue normal life). So we use it as a benchmark a lot. The oil ... of our dollar is less. edited to add: this is over simplifying but gets at the basic premise.

)A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.

'Residex' is associated with - (1) Share prices (2) Price inflation (3) Mutual fund prices (4) Land prices

Description : 'Residex' is associated with - (1) Share prices (2) Price inflation (3) Mutual fund prices (4) Land prices

Last Answer : (4) Land prices Explanation: The RESIDEX was first launched in 2007 by the National Housing Bank (NHB) to provide an index of residential prices in India across cities and over time. It ... information gap and to streamline the process of development of property in various cities across the country.

State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Description : State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Last Answer : (2) the extent of inflation in the prices of consumer goods Explanation: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households ... , pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.

In case of rising prices (inflation), LIFO will: (a) provide lowest value of closing stock and profit (b) provide highest value of closing stock and profit (c) provide highest value of closing stock but lowest value of profit (d) provide highest value of profit but lowest value of closing stock

Description : In case of rising prices (inflation), LIFO will: (a) provide lowest value of closing stock and profit (b) provide highest value of closing stock and profit (c) provide highest value ... but lowest value of profit (d) provide highest value of profit but lowest value of closing stock

Last Answer : (a) provide lowest value of closing stock and profit

In case of rising prices (inflation), FIFO method will: (a) provide lowest value of closing stock and profit (b) provide highest value of closing stock and profit (c) provide highest value of closing stock but lowest value of profit (d) provide highest value of profit but lowest value of closing stock

Description : In case of rising prices (inflation), FIFO method will: (a) provide lowest value of closing stock and profit (b) provide highest value of closing stock and profit (c) provide highest value ... stock but lowest value of profit (d) provide highest value of profit but lowest value of closing stock

Last Answer : (b) provide highest value of closing stock and profit

Which of these is one of the causes of inflation? (a) Increase in public expenditure ; (b) Deficit financing ; (c) Increase in administrative prices (d) All the three

Description : Which of these is one of the causes of inflation? (a) Increase in public expenditure ; (b) Deficit financing ; (c) Increase in administrative prices (d) All the three

Last Answer : (d) All the three

Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices

Description : Which of the following issue relates to micro-economics (a) Impact of crude price hike on inflation (b) Impact of change in bank rate on bank saving and investment (c) Impact of Information technology on economic growth (d) Impact of shortage of wheat production on wheat prices

Last Answer : (d) Impact of shortage of wheat production on wheat prices 

‘Residex’ is associated with (1) Share prices (2) Price inflation (3) Mutual fund prices (4) Land prices

Description : ‘Residex’ is associated with (1) Share prices (2) Price inflation (3) Mutual fund prices (4) Land prices 

Last Answer :  Land prices

State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Description : State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Last Answer : the extent of inflation in the prices of consumer goods

A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy 

Last Answer :  the high rate of inflation prevailing in the economy

What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : b) Goods such as tools, machinery, etc which are used to create final consumer goods

What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : c) Goods and services that are consumed fully when purchased by the consumers

What airlines typically have prices for the lowest airline tickets.?

Description : What airlines typically have prices for the lowest airline tickets.?

Last Answer : Some airlines offer lower prices than others by cutting costs. Southwest is a popular low cost airline that regularly has great sales and standard low prices. Some other airlines are Airtran, Frontier and JetBlue.

Pricing cues such as sale signs and prices that end in 9 become more influential when ________. A. Consumer price knowledge is poor B. Items are purchased frequently C. Items have been on the market a long time D. Prices are consistent year-round E. They are employed frequently

Description : Pricing cues such as sale signs and prices that end in 9 become more influential when ________. A. Consumer price knowledge is poor B. Items are purchased frequently C. Items have been on the market a long time D. Prices are consistent year-round E. They are employed frequently

Last Answer : A. Consumer price knowledge is poor

Question 8: What legal measures were taken by the government to empower the consumers in India? -Economics 10th

Description : Question 8: What legal measures were taken by the government to empower the consumers in India? -Economics 10th

Last Answer : The following legal measures were taken by the government to strengthen the consumers in India :Consumer Protection Act popularly known as COPRA was enacted in 1986. It was amended in 1991 and ... departments. The citizens have the right to know the particulars of goods and services they purchase.

What legal measures have been taken by the government to empower the consumers in India ? -SST 10th

Description : What legal measures have been taken by the government to empower the consumers in India ? -SST 10th

Last Answer : The government enacted a specific law called the Consumer Protection Act, 1985. Most important feature of the Act is the provision for setting up a three-tier system as follows : ... consumers against the traders and manufacturers and provide the necessary relief and compensation to the consumers.

Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Description : Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Last Answer : (2) their marginal utility to buyers is higher than that of water. Explanation: The water diamond paradox or puzzle was a mystery of Adam Smith who observed that the price of diamonds was much higher ... is very high and so consumers are willing to pay higher prices for diamond, than for water.

Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property. (il) to assure wherever possible access to a variety of goods; and services at national prices. A. Both (i) and (il) are correct. B. Both (i) and (il) are wrong C. Only (i) is correct. D. Only (ii) is correct.

Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property. (il) to assure wherever possible access to a variety of goods; and services at national prices. A. Both (i) ... (i) and (il) are wrong C. Only (i) is correct. D. Only (ii) is correct.

Last Answer : A. Both (i) and (il) are correct.

Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property (ii) to assure wherever possible access to a variety of goods and services at national prices. A. Both (i) and (ii) are correct. B. Both (i) and (ii) are wrong. C. Only (i) is correct D. Only (ii) is correct.

Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property (ii) to assure wherever possible access to a variety of goods and services at national prices. A. Both (i) ... (i) and (ii) are wrong. C. Only (i) is correct D. Only (ii) is correct.

Last Answer : A. Both (i) and (ii) are correct.

The definition of ________ prices is: In considering an observed price, consumers often compare it to an internal memory reference price or an external frame of reference (such as a posted “regular retail price”). A. Historical B. Reference C. Promotional D. Everyday low price E. None of the above

Description : The definition of ________ prices is: In considering an observed price, consumers often compare it to an internal memory reference price or an external frame of reference (such as a posted regular retail price ) ... B. Reference C. Promotional D. Everyday low price E. None of the above

Last Answer : B. Reference

To set the price of a new dictionary, Houghton Mifflin needs to know how many dictionaries can be sold at different prices. The dependent variable in this example would be: A)competition B)book publishers C)sales D)price E)consumers

Description : To set the price of a new dictionary, Houghton Mifflin needs to know how many dictionaries can be sold at different prices. The dependent variable in this example would be: A)competition B)book publishers C)sales D)price E)consumers

Last Answer : C)sales

Neoclassical economics concerns itself with the determination of various prices. In the branch of Microeconomics, economists are concerned with _________, while in Macroeconomics they consider _________ (a) Price rises: price falls ; (b) Real prices: nominal prices ; (c) Individual product prices: the aggregate price level ; (d) Costs to consumers: costs to producer

Description : Neoclassical economics concerns itself with the determination of various prices. In the branch of Microeconomics, economists are concerned with _________, while in Macroeconomics they consider _________ (a) Price ... prices: the aggregate price level ; (d) Costs to consumers: costs to producer

Last Answer : (c) Individual product prices: the aggregate price level ; 

Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Description : Diamonds are priced higher than water because : (1) they are sold by selected firms with monopolistic powers. (2) their marginal utility to buyers is higher than that of water. (3) their total utility to buyers is higher than that of water. (4) consumers do not buy them at lower prices.

Last Answer :  their marginal utility to buyers is higher than that of water.

The supply-side measure to control inflation is - (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Description : The supply-side measure to control inflation is - (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Last Answer : (2) Price control through Public Distribution System Explanation: The issue of inflation is addressed from both demand and supply sides. demand management is achieved by measures such as postponing public expenditure ... rice and wheat resorted to by FCI from its buffer stock in times of price rise.

Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India? A. Consumer Price Index B. Wholesale Price Index C. Personal Consumption Expenditures Price Index D. GDP Deflator E. All of the above

Description : Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India? A. Consumer Price Index B. Wholesale Price Index C. Personal Consumption Expenditures Price Index D. GDP Deflator E. All of the above

Last Answer : B. Wholesale Price Index Explanation: Inflation rates in India are usually quoted as changes in the Wholesale Price Index, for all commodities. Many developing countries use changes in the Consumer Price Index (CPI) as their central measure of inflation.

The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic transactions between residents of a country and rest of the world (d) The difference between inflation and unemployment.

Description : The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic ... a country and rest of the world (d) The difference between inflation and unemployment.

Last Answer : © A measure of the value of economic transactions between residents of a country and rest of the world

1. By whom were the members of the Constituent Assembly elected? 2. How much does one degree of the circumference of the earth measure (approx.)? 3. Which was the dynasty that succeeded the Chalukyas in Western India? 4. What is the Mode of transmission of heat in which heat carried by a moving particles? 5. Who are not protected against inflation?

Description : 1. By whom were the members of the Constituent Assembly elected? 2. How much does one degree of the circumference of the earth measure (approx.)? 3. Which was the dynasty that succeeded ... of High Court judges be reduced? 20. Which electromagnetic radiation is most prevalent in the atmosphere?

Last Answer : Answer : 1. By Provincial Assemblies 2. 111 km 3. Rashtrakutas 4. Convection 5. Agricultural farmers 6. Hamilton (Canada) 7. Decreases with height 8. Tanka 9. Cholera 10. 24 11. Efflorescence 12 ... 16. Plasma membrane 17. Cadiz (Spain) 18. Ramtanu Pande 19. During a Financial Emergency 20. Infrared

The supply-side measure to control inflation is (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Description : The supply-side measure to control inflation is (1) Reducing public expenditure (2) Price control through Public Distribution System (3) Higher taxation to mop up liquidity (4) Credit control

Last Answer : Price control through Public Distribution System

The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Last Answer : (d) Export prices compared to import prices.

Pick out the wrong statement.(A) Biological oxygen demand (BOD) is a characteristic and not a constituent of water (B) BOD is a measure of the amount of oxygen which will be demanded & used in 5 days by the biological decomposition of the organic matter present in water stream present as food for the living organism (C) BOD is expressed in mg/litre (typically, BOD=2.5 mg/litre for potable water) (D) None of these

Description : Pick out the wrong statement. (A) Biological oxygen demand (BOD) is a characteristic and not a constituent of water (B) BOD is a measure of the amount of oxygen which will be demanded & used in 5 days ... BOD is expressed in mg/litre (typically, BOD=2.5 mg/litre for potable water) (D) None of these

Last Answer : (D) None of these

Pick out the correct statement. (A) Chemical oxygen demand (COD) is a measure of chemically oxidisable organic matter present in water (B) COD is determined by oxidising the organic matter present in water with potassium dichromate in cone, sulphuric acid solution at boiling temperature for specified time (C) COD is related to BOD of a given waste in water but the relationship varies for different wastes. Typically COD of potable water may be 1-2 mg/litre (D) All (A), (B) and (C)

Description : Pick out the correct statement. (A) Chemical oxygen demand (COD) is a measure of chemically oxidisable organic matter present in water (B) COD is determined by oxidising the organic matter present in water with potassium dichromate ... of potable water may be 1-2 mg/litre (D) All (A), (B) and (C)

Last Answer : (D) All (A), (B) and (C)

Countries that depend mainly on the export of primary products for their income, are prone to - (1) inflation (2) economic instability (3) increasing unemployment (4) stable economic growth

Description : Countries that depend mainly on the export of primary products for their income, are prone to - (1) inflation (2) economic instability (3) increasing unemployment (4) stable economic growth

Last Answer : (3) increasing unemployment Explanation: Most of the world's poorest countries depend for increasing export earnings on agricultural products that are vulnerable to fluctuating or declining terms of ... primary products were hit particularly hard by falling commodity prices between 1980 and 1984.

Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners discriminate against domestic products C. Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

Countries that depend mainly on the export of primary products for their income, are prone to (1) inflation (2) economic instability (3) increasing unemployment (4) stable economic growth

Description : Countries that depend mainly on the export of primary products for their income, are prone to (1) inflation (2) economic instability (3) increasing unemployment (4) stable economic growth

Last Answer :  increasing unemployment

How can I measure the amounts of phosphate, nitrogen, and potash in a purchased bag of fertilizer?

Description : How can I measure the amounts of phosphate, nitrogen, and potash in a purchased bag of fertilizer?

Last Answer : There are three numbers on the front of the bag with dashes. These are percentages. The first number is nitrogen, then phosphate, then potassium.

____ structures are typically used in businesses that primarily sell and produce standard products and seldom conduct external projects.

Description : ____ structures are typically used in businesses that primarily sell and produce standard  products and seldom conduct external projects.

Last Answer : Ans. Functional-type organisation

How does a blog directly impact sales of a company? A. It is typically used as the way to disperse company coupons B. It can be used to talk negatively about the competition C. It tells customers what products to buy D. Typically a blog does not directly create sales

Description : How does a blog directly impact sales of a company? A. It is typically used as the way to disperse company coupons B. It can be used to talk negatively about the competition C. It tells customers what products to buy D. Typically a blog does not directly create sales

Last Answer : A. It is typically used as the way to disperse company coupons

Which of the following is not a feature of a transnational corporation? A. Decision making takes place at the local level. B. Nationals are typically hired to run operations in each country. C. Marketing strategies are tailored to each country’s culture. D. Products are manufactured only in the local country.

Description : Which of the following is not a feature of a transnational corporation? A. Decision making takes place at the local level. B. Nationals are typically hired to run operations in each country. C. ... are tailored to each country's culture. D. Products are manufactured only in the local country.

Last Answer : Products are manufactured only in the local country.

Have you ever purchased Scentsy products?

Description : Have you ever purchased Scentsy products?

Last Answer : Never known about Scentsy until now when I read your question. But are you sure the one who posted that link to you is someone you trust, or just someone random?

Have you purchased any "as seen on tv" products that you actually liked and were worth buying?

Description : Have you purchased any "as seen on tv" products that you actually liked and were worth buying?

Last Answer : The shamwow is a sham (wow!). Nads sucked too back when it had ads. I’m holding out hope for the slapchop.

I have a set of silverware that my grandmother purchased through Betty Crocker with points from products and cash. Does Betty Crocker still offer that program?

Description : I have a set of silverware that my grandmother purchased through Betty Crocker with points from products and cash. Does Betty Crocker still offer that program?

Last Answer : Oneida and Betty Crocker have not operated the COupon Catalog since the end of 2006, However you can still get replacement pieces from Replacements.com.