A Price Index Measures

question 14

Multiple Choice

A price index measures:

• A)the price of specific good or service.
• B)the change in the price of a specific good or service.
• C)only the prices that change.
• D)the average price of a given class of goods or services relative to the price of the same goods and services in a base year.

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Definitions:

Nanosystem

A complex system at the nanoscale, involving the manipulation and control of nano-sized components, used in fields like nanotechnology and material science.

Bronfenbrenner

Urie Bronfenbrenner, a psychologist known for his ecological systems theory, which suggests that human development is influenced by different types of environmental systems.

Reflexes

Involuntary and instantaneous movements in response to stimuli, showcasing the body's inherent mechanisms for protection and survival.

Cognitive Development

The process through which a person's ability to think, understand, and memorize evolves over time.