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:

Cold Receptors

Specialized nerve receptors in the skin that detect cold temperatures and signal this information to the brain.

Pain Receptors

Sensory nerve cells that respond to damaging or potentially damaging stimuli by sending nerve signals to the spinal cord and brain, triggering the sensation of pain.

Hot Objects

Items that have absorbed or are emitting a high level of thermal energy, often perceivable through the sensation of heat upon contact.

Cold Objects

Items that are at a low temperature, potentially causing a decrease in temperature of anything they come into contact with.