Let's Say a Company Invents a Very Popular Device Called

question 171

Multiple Choice

Let's say a company invents a very popular device called a Zorgon,which allows you to send small items via a transporter from one place to another.This would affect the consumer price index (CPI) in the sense that the CPI:

• A) would fail to include purchases of the Zorgon for some period of time after the product entered the market.
• B) would overstate the cost of the Zorgon because the price would fall over time but the CPI would always be "catching up" and be behind the price decreases.
• C) would fail to take into account substitution between the Zorgon and the use of shipping services such as FedEx and UPS as the relative price of these changed.
• D) would fail to take into account the quality of the Zorgon.
• E) always accurately measures the cost of living.

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Definitions:

Cardiocyte

A muscle cell of the heart, specialized for continuous contractions that pump blood throughout the body.

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Specialized intercellular connections that facilitate the direct transfer of ions and small molecules between the cytoplasm of adjacent cells.

Desmosomes

Cell structures specialized for cell-to-cell adhesion, acting as anchors between cells in tissues that undergo significant stress.

Tight Junctions

Specialized connections between neighboring cells, creating a nearly impermeable barrier to prevent leakage of extracellular fluid across a layer of epithelial cells.