The Bureau of Labor Statistics Has Taken Several Steps to Reduce

question 145

Multiple Choice

The Bureau of Labor Statistics has taken several steps to reduce the bias in the consumer price index.Which of the following is not one of the steps taken to reduce the bias?

• A)using statistical methods to reduce the size of the quality bias
• B)updating the market basket every two years,rather than every 10 years
• C)incorporating substitutions by consumers when prices of specific products rise rapidly
• D)conducting a point-of-purchase survey to track where consumers actually make their purchases

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Definitions:

Anatomically Modern Humans

Homo sapiens characterized by skeletal features that are similar to those of humans living today.

Recent African Origins Hypothesis

An evolutionary theory suggesting that modern humans evolved in Africa relatively recently and share a common ancestry.

Eve Hypothesis

A scientific theory suggesting that all modern humans have descended from a common maternal ancestor, dubbed "Mitochondrial Eve," who lived in Africa.

Out of Africa Hypothesis

A scientific theory proposing that all modern humans originated from a common ancestry in Africa before migrating to other parts of the world.