If the Price of Industrial Plastic Injection Molding Machines Rose

question 56

Multiple Choice

If the price of industrial plastic injection molding machines rose by 20 percent and the price of oranges fell by 20 percent,then

• A) the consumer price index (CPI)would remain unchanged.
• B) the consumer price index (CPI)would rise if oranges had a greater weight.
• C) the consumer price index (CPI)would rise because plastic injection molding machines weigh more physically per unit.
• D) the consumer price index (CPI)would fall because people buy more oranges than plastic injection molding machines.
• E) all else equal,the consumer price index (CPI)would fall by the weighted value of oranges in the CPI,but because industrial plastic injection molding machines are not a consumer good,they would not affect the CPI.

---

Definitions:

PR Profession

The public relations profession involves managing the public image and communications of individuals, organizations, or companies to build and maintain positive relationships with the public.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving weighing the risks and benefits of each option.

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing principles like fairness, responsibility, and integrity.

Informed Decision Making

The process of making choices based on comprehensive, accurate, and timely information.