An Example of the New Goods Bias in the CPI

question 15

Multiple Choice

An example of the new goods bias in the CPI is the

• A) introduction of hybrid automobiles, vehicles that were not made until recently.
• B) decreasing popularity of SUVs as the price of gasoline has risen.
• C) switch from traditional car dealerships to low-cost Internet car buying services.
• D) introduction of higher quality brakes as standard equipment on new cars.

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Definitions:

12-Step Program

A set of guiding principles outlining a course of action for recovery from addiction, compulsion, or other behavioral problems.

Contingency Management Programs

Behavioral treatment methods that reward or punish individuals for adhering to or deviating from certain behaviors or objectives.

Reinforcements

In behavioral psychology, anything that strengthens or increases the likelihood of a response or behavior occurring again.

Harm Reduction Model

Approach to treating substance use disorders that views alcohol use as normative behavior and focuses education on the immediate risks of the excessive use of alcohol (such as alcohol-related accidents) and on the payoffs of moderation (such as avoidance of hangovers).