An Example of the New Goods Bias in the Calculation

question 243

Multiple Choice

An example of the new goods bias in the calculation of the CPI is a price increase in

• A) butter relative to margarine.
• B) an iPod player relative to a Walkman.
• C) a 2011 Honda Civic Si Coupe relative to a 2011 Honda Civic Si Sedan.
• D) textbooks bought through the campus bookstore relative to textbooks bought through Amazon.com.
• E) a Caribbean cruise for a couple who has never been on a cruise before.

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Definitions:

Plasma Cells

White blood cells that produce antibodies, playing a crucial role in the body's immune response to infection.

Cell-Mediated Immunity

A type of specific immune response carried out by T cells. Compare with antibody-mediated immunity.

Antigen-MHC Complex

A molecular complex on the cell surface where an antigen is presented by major histocompatibility complex molecules for recognition by T-cells.

T Cytotoxic Cells

A type of T cell that kills cancer cells, cells that are infected (particularly with viruses), or cells that are damaged in other ways.