An Example of the New Goods Bias in the CPI

question 302

Multiple Choice

An example of the new goods bias in the CPI is the

• A) introduction of higher quality brakes as standard equipment on new cars.
• B) introduction of hybrid automobiles, vehicles that were not made until recently.
• C) decreasing popularity of SUVs as the price of gasoline has risen.
• D) switch from traditional car dealerships to low-cost Internet car buying services.

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Definitions:

Reputation Analysis

Involves evaluating public perception and sentiment about a person, company, or brand through various data sources.

Brand Socialization

An indicator of a company's ability to interact with its online stakeholders through a reciprocal sharing of information that benefits both parties.

Business Community

The business community consists of individuals, companies, and organizations involved in commercial, industrial, or professional activities, often sharing common interests or goals.

Social Networks

Digital platforms that facilitate the creation of networks and the exchange of information among individuals and groups.