Which of the Following Is NOT a Reason for Why

question 51

Multiple Choice

Which of the following is NOT a reason for why the pricing of new products can create a bias in the consumer price index?

• A) The prices of new products often fall over time as efficiency in production increases.
• B) The consumer price index market basket is not adjusted every year, and so it may not include new products.
• C) The prices of new products often fall over time as they become more popular and are produced in larger quantities.
• D) New products are a small portion of total products and thus have little impact on average prices.

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Definitions:

Public Awareness

The extent to which the general population is informed about issues, campaigns, or policies.

United States EPA

The Environmental Protection Agency, responsible for the protection of human health and the environment in the U.S.

Tier 1 Environmental Cost

Environmental expenses directly associated with the primary operations of a business, including pollution control and waste management.

Monitoring System

A system that continuously observes, checks, and records the operations or activities of a project or process for analysis and problem detection.