Laura Bought Word-Processing Software in 2005 for $50

question 33

Multiple Choice

Laura bought word-processing software in 2005 for $50.Laura's twin brother,Laurence,buys an upgrade of the same software in 2006 for $50.What problem in the construction of the CPI does this situation best represent?

• A)substitution bias
• B)unmeasured quality change
• C)introduction of new goods
• D)income bias

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Definitions:

Social Loafing

The occurrence in which people put in less effort while working as part of a team than they do when working by themselves.

Social Attraction

The force that draws people together to form friendships, relationships, or to become part of a group, influenced by factors like similarities, admiration, and shared interests.

Prototypical

Representing the most characteristic or typical example of a certain category or concept.

Initiation Rite

A ceremonial event or process marking the admission or acceptance of a person into a group or society, often involving specific rituals.