The Following Table Lists the Basket of Goods in the Astro

question 82

Multiple Choice

The following table lists the basket of goods in the Astro Price Index (Assume 2008 is the base year.)
$\begin{array}{|l|c|c|c|c|c|c|} \hline & \begin{array}{c}2008 \\\text { Quantity }\end{array} & \begin{array}{c}2008 \\\text { Price }\end{array} & \begin{array}{c}2009 \\\text { Quantity }\end{array} & \begin{array}{c}2009 \\\text { Price }\end{array} & \begin{array}{c}2010 \\\text { Quantity }\end{array} & \begin{array}{c}2010 \\\text { Price }\end{array} \\\hline \text { Sunglasses } & 8 & \$ 9.00 & 10 & \$ 11.00 & 7 & \$ 10.00 \\\hline \text { Toothpaste } & 15 & 3.00 & 18 & 4.00 & 15 & 4.00 \\\hline \text { Ferrets } & 6 & 12.00 & 4 & 15.00 & 9 & 18.00\\\hline \end{array}$
Table 12.2
-Using the information in Table 12.2, the percent increase in prices over the two year period from 2008 to 2010 is approximately

• A)26 percent.
• B)31 percent.
• C)38 percent.
• D)98 percent.

Grasp the historical context and evolution of union movements.

Understand the factors influencing employee decisions to join unions.

Recognize the impact of union-management relations on organizational operations and strategies.

Analyze the outcomes of union actions, including strikes and the role of new employees post-strike.

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Definitions:

Oligopoly

A market configuration where the market is dominated by a few firms, resulting in restricted competition.

Soft Drink

A non-alcoholic beverage typically containing carbonated water, a sweetener, and natural or artificial flavoring.

Automobile Industries

Industries involved in the design, development, manufacturing, marketing, and selling of motor vehicles.