When the Nominal Price of a Good Increases Over Time,the

question 193

Multiple Choice

When the nominal price of a good increases over time,the real cost of buying the good

• A)must increase.
• B)decreases because income also increases over time.
• C)does not change because income also increases over time.
• D)might increase,decrease,or stay the same depending on how much the CPI changed.
• E)might increase,decrease,or stay the same depending on how much income changed.

---

Definitions:

Water Quality

The chemical, physical, and biological characteristics of water, usually in respect to its suitability for a particular purpose.

Coastline

The outline or boundary that separates land from the ocean or sea, often characterized by its unique geographic features and ecosystems.

Oil Spill

The release of liquid petroleum hydrocarbon into the environment, particularly marine areas, due to human activities like drilling and transportation.

Environment Impact

The influence of human activities on the ecosystem, potentially causing habitat destruction, pollution, and climate change.