Table 11-4
the Table Below Pertains to Wrexington, an Economy

question 82

Multiple Choice

Table 11-4
The table below pertains to Wrexington, an economy in which the typical consumer's basket consists of 20 pounds of meat and 10 toys. $$\begin{array} { | c | c | c } \text { Year } & \begin{array} { c } \text { Price of } \\\text { Meat }\end{array} & \begin{array} { c } \text { Price of a } \\\text { Tryy }\end{array} \\\hline 2004 & \$ 3 \text { per pound } & \$ 2 \\\hline 2005 & \$ 1 \text { per pound } & \$ 7 \\\hline 2006 & \$ 4 \text { per pound } & \$ 5 \\\hline\end{array}$$
-Refer to Table 11-4. The inflation rate was

• A)negative in 2005 and negative in 2006.
• B)negative in 2005 and positive in 2006.
• C)positive in 2005 and negative in 2006.
• D)positive in 2005 and positive in 2006.

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Definitions:

Extremely Hazardous Activities

Activities that pose significant risk of causing substantial harm, often requiring stricter liability standards in tort law.

Justifiable Expectations

Legitimate anticipations or assumptions made by a party in a contract, protected by law.

Revocation of Authority

The act of canceling or withdrawing the power or rights previously granted to an agent or representative.

Negligent Hiring

A legal claim made against an employer for hiring an individual they either knew or should have known was likely to pose a risk of harm to others, based on their background or qualifications.