Choose the Incorrect Statement

question 8

Multiple Choice

Choose the incorrect statement.

• A)The outlet substitution bias injects an upward bias into the CPI.
• B)When the quality of a good improves over time and as a result the price rises, the CPI counts the entire price rise as inflation and so overstates inflation.
• C)When relative prices change and people substitute to the lower priced good, the CPI ignores the substitution and the CPI overstates inflation.
• D)The CPI basket is constantly updated to allow for the introduction of new goods.
• E)All of the above statements are incorrect.

Comprehend the role and limitations of minors in contracts.

Explain the concept of consequential damages and provide examples.

Identify and explain the limitations on monetary damages in contract law.

Understand the conditions under which a court will enforce or refuse to enforce a liquidated damage clause.

---

Definitions:

Acceptable Amperage

The range of current measured in amperes that is considered safe and efficient for a particular electrical circuit or device.

Drive-Belt Tension

The degree of tightness or looseness of a drive belt in machinery, which must be properly adjusted to prevent slippage and wear.

Pulley Alignment

The process of adjusting the position of pulleys in a belt-driven system so that the belt runs straight and true, ensuring efficient operation and reducing wear.

Jumper Cables

Electrical cables with clamps at both ends, used to start a vehicle by connecting its dead battery to a live battery.