A Valuable Asset Was Priced at $1 Million in 1995

question 9

Multiple Choice

A valuable asset was priced at $1 million in 1995. What should be its nominal price in 2012 if the CPI was 95 in 1995 and 145 in 2012?

• A)$0.95 million
• B)$1.25 million
• C)$1.45 million
• D)$1.53 million
• E)$1.65 million

Understands the principles of opposing consumerism and can articulate a personal stance on the issue.

Knows the definition of globalization and its sociological significance.

Can analyze the impacts of globalization on personal life, using sociological concepts.

Understands and can define cooperation in a sociological context.

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Definitions:

Intervening Cause

An event that occurs after the defendant's act and contributes to a harm, potentially relieving the defendant of liability.

Superseding Cause

An unforeseeable event that interrupts the chain of causation and becomes the primary cause of an incident, relieving the defendant of liability.

Bystanders

Individuals who are present at an event or incident but do not take part in it.

Peril

A specific risk or cause of loss covered by an insurance policy, such as fire, theft, or flood.