An Example of the New Goods Bias in the CPI

question 302

Multiple Choice

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

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

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Definitions:

Election Campaigns

Election campaigns are organized efforts by political candidates and parties to persuade voters to support them in upcoming elections, utilizing various strategies and media.

Ethics Rules

Guidelines or regulations designed to govern conduct and ensure moral and professional behavior in a specific context, such as in business, government, or among professionals.

Lobbyists

Individuals or groups hired to influence lawmakers, regulation, or policy on behalf of a specific interest or client.

Bundled Contributions

Political donations from multiple individuals collected by a single entity or individual, then submitted to a campaign or political party in a combined form.