Which of the Following Is NOT a Criticism of the CPI

question 19

Multiple Choice

Which of the following is NOT a criticism of the CPI?

• A) The CPI does not account for the way consumer substitute less expensive items for higher priced items.
• B) The CPI ignores changes in consumption patterns that occur between years in which it revises the index.
• C) The CPI ignores successful new products until long after they have been introduced.
• D) The CPI ignores the changes of prices of goods that firms produce and sell to each other.

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Definitions:

Law Enforcement Agencies

Government institutions that are responsible for the prevention, detection, and investigation of crime, as well as the apprehension of offenders.

PATRIOT Act

Short for the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act, it is U.S. legislation passed in 2001 aimed at enhancing national security measures.

Equal Employment Opportunity Commission

A federal agency responsible for enforcing laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, transgender status, and sexual orientation), national origin, age (40 or older), disability or genetic information.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.