In 2010, the Reference Base Period for the CPI for the Nation

question 140

Multiple Choice

In 2010, the reference base period for the CPI for the nation of Wobet, a typical consumer spent $30 on potatoes and $150 on steak.Which of the following is true?

• A) The quantity of steak in the basket is larger than the quantity of potatoes.
• B) The quantity of potatoes in the basket is larger than the quantity of steak.
• C) The quantity of the two goods in the basket is the same.
• D) We cannot say exactly how many of each good are in the basket.
• E) None of the above answers is correct.

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Definitions:

Stereotyping

The act of generalizing characteristics, attributes, or behaviors to all members of a particular group, disregarding individual differences.

Cultural Norm

Shared expectations and rules that guide behavior of people within social groups.

Workforce Diversity

The inclusion of a wide range of people of different races, genders, ages, sexual orientations, and abilities in a workplace.

Homogenous Work Group

A team composed of members who share similar characteristics, often regarding expertise, demographics, or cultural background.