-Consumers in a Country Buy Only Two Goods, Sneakers and \text

question 115

Multiple Choice

$$\begin{array} { l c c c c } { \text { Item } } & \begin{array} { c } \text { Quantity } \\( 2009 ) \end{array} & \begin{array} { c } \text { Price } \\( 2009 ) \end{array} & \begin{array} { c } \text { Quantity } \\( 2010 ) \end{array} & \begin{array} { c } \text { Price } \\\mathbf { ( 2 0 1 0 ) }\end{array} \\\hline \text { Sneakers } & 2 & \$ 55 & 2 & \$ 60 \\\text { Manicures } & 1 & \$ 35 & 1 & \$ 40 \\\hline\end{array}$$
-Consumers in a country buy only two goods, sneakers and manicures.The prices and quantities purchased by urban households are in the table above.The reference base year is 2009.For these data, the CPI for 2010 is

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Definitions:

Trading Alliance

A formal agreement between two or more parties to exchange goods, services, or support, often aimed at mutual economic benefit.

French

The Romance language of France, also spoken in parts of Belgium, Switzerland, Canada, and several other countries, as well as an official language of many international institutions.

Huron

A Native American tribe originally from the Great Lakes region of North America.

Fur Trade

The trading of animal pelts and furs between trappers, indigenous peoples, and merchants, which played a significant role in the colonial history and economic development of North America and Europe.