Which of the Following Statements Does NOT Describe a Problem

question 240

Multiple Choice

Which of the following statements does NOT describe a problem in measuring the consumer price index (CPI) ?

• A) The CPI measures only private goods and services.
• B) The CPI uses a fixed market basket of goods determined by surveys that are three to five years old.
• C) Approximately 10% of the original market basket must be replaced each year by products that are improved or modified.
• D) The CPI quickly includes new products in its baskets.

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Definitions:

Stimulus Motive Theory

The concept that behavior is motivated by a desire to increase stimulation in order to maintain an optimal level of arousal.

Evolutionary Theory

A scientific theory that explains how species change over time through mechanisms like natural selection and genetic variation.

Cognitive Appraisal Theory

A theory in psychology that describes the process in which an individual evaluates and interprets a situation, influencing their emotional reaction.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, representing a hierarchy of human needs, from basic physiological needs to self-actualization.