Use the Following Information to Answer the Following Questions

question 84

Multiple Choice

Use the following information to answer the following questions.
In the country of Shem, the CPI is calculated using a market basket consisting of 5 apples, 4 loaves of bread, 3 robes, and 2 litres of gasoline. The per-unit prices of these goods have been as follows:
Table 6-3

-Refer to Table 6-3. For the CPI, what is the base year?

• A)the benchmark against which other years are compared, and it changes each year
• B)the benchmark against which other years are compared, and it changes occasionally
• C)the year the CPI first appeared
• D)the year before the year for which the CPI is calculated

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Definitions:

Illegal Contract

An agreement between parties that is prohibited by law or violates legal statutes, making it unenforceable.

Breach

To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society.

Illegal Contract

An agreement that is either unlawful in nature or made with the purpose of undertaking an illegal act, and thus, is not enforceable by law.

Executory

Pertaining to contracts or agreements that are not yet fully performed or completed by all involved parties.