An Example of the New Goods Bias in the CPI

question 96

Multiple Choice

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

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

---

Definitions:

Subclavian Vein

A major vein that receives blood from the arm and the chest wall, transporting it back to the heart.

External Iliac Vein

A large vein in the pelvic region that carries deoxygenated blood from the lower limbs back to the heart.

Cephalic Vein

A large vein on the outermost side of the upper arm, commonly used for intravenous injections or blood draw.

Hepatic Vein

A vein that drains blood from the liver into the inferior vena cava, helping in the regulation of blood pressure in the liver.