If There Is a 5 Percent Increase in the CPI

question 85

Multiple Choice

If there is a 5 percent increase in the CPI, then there will most likely be

• A)a 5 percent rise in the cost of living.
• B)a less than 5 percent rise in the cost of living because of consumers substituting away from goods whose relative prices rise towards other goods.
• C)a more than 5 percent rise in the cost of living because of consumers substituting away from goods whose relative prices rise towards other goods.
• D)a less than 5 percent rise in the cost of living because of falling quality of goods over time.
• E)a more than 5 percent rise in the cost of living because of the introduction of new goods.

Acknowledge the typical challenges and characteristics of novice nutrition counselors.

Provide appropriate responses to common nutrition-related queries from clients.

Recognize the potential for modifying taste preferences.

Distinguish between nutrition education and nutrition counseling and understand their interrelation.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial transactions across states.

Security Agreement

An agreement in which the debtor gives the secured interest to the secured party.

Debtor

An individual or entity that owes money or is under financial obligation to another, typically as a result of borrowing funds or purchasing goods/services on credit.

Collateral

Assets that are offered to secure a loan or other credit and that can be seized by the lender if the loan is unpaid.