Suppose an Index of Average Prices of Imported Goods in Canada

question 32

Multiple Choice

Suppose an index of average prices of imported goods in Canada indicates an increase in price of 2.3% over a 12-month period.Over the same period the Consumer Price Index indicates an increase in the general price level of 2.3%.What is the change in the price of imports relative to the change in the overall price level?

• A)an increase of 2.3%
• B)an increase of 4.6%
• C)a decrease of 2.3%
• D)a decrease of 4.6%
• E)no change

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Definitions:

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge, etc.—to oneself and to others and to understand that others have beliefs, desires, intentions, and perspectives that are different from one's own.

False Belief

An understanding that others can hold beliefs or perspectives that are different from one's own, even if those beliefs are incorrect; a critical aspect of theory of mind.

Mental Perspective

An individual's point of view or way of regarding situations, facts, etc., which impacts their thoughts and behaviors.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social communication, repetitive behaviors, and restricted interests.