If the Cost of Housing Increases by 10 Percent,then,other Things

question 20

Multiple Choice

If the cost of housing increases by 10 percent,then,other things the same,the CPI is likely to increase by about

• A)1.7 percent.
• B)3.3 percent.
• C)4.2 percent.
• D)10 percent.

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Definitions:

Dairy Farm

An agricultural establishment primarily engaged in the production of milk and milk products from cows or other dairy animals.

EZ Ice Cream Inc.

Presumably a fictional company; without more context, it would represent a hypothetical business entity.

Condition Precedent

A condition in a contract that must be met before a party’s promise becomes absolute.

Condition Subsequent

A condition in a contract that operates to terminate a party’s absolute promise to perform.