Given the Following Information About a Simple Three-Good Economy, What

question 55

Multiple Choice

Given the following information about a simple three-good economy, what would be the approximate 2007 consumer price index using a 2000 base year?

• A) 50
• B) 200
• C) 222
• D) 302

Recognize the impact of organizational success on ethical behavior within a company.

Identify effective strategies for mitigating unethical practices by foreign suppliers.

Analyze ethical business decisions through various ethical philosophies.

Apply the principles of utilitarian ethics in business decisions.

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Definitions:

Radio Frequency Identification (RFID)

A technology using electromagnetic fields to automatically identify and track tags attached to objects, for purposes like inventory management.

Satellite Radio

A broadcasting service that transmits signals via satellites, offering a wide range of channels and content to subscribers, typically without commercial interruptions.

Real GDP

the measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced.

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as patents, trademarks, and goodwill.