As the Price of Petrol Rose During the 1970s, Consumers

question 72

Multiple Choice

As the price of petrol rose during the 1970s, consumers cut back on their use of petrol relative to other consumer goods. This situation contributed to which bias in the consumer price index?

• A) Substitution bias.
• B) Transportation bias.
• C) Quality bias.
• D) Indexing bias.

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Definitions:

Oxytocin

A hormone that stimulates labor contractions.

Childbirth

The process of giving birth to a baby, marking the end of pregnancy through labor and delivery.

Braxton-Hicks Contractions

The first, usually painless, contractions of childbirth.

Uterine Contractions

Involuntary muscle contractions of the uterus, which can occur during menstruation or labor.