The Introduction of the Video Cassette Recorder in the 1970s

question 26

Multiple Choice

The introduction of the video cassette recorder in the 1970s exemplified a problem in measuring the cost of living; that problem is the problem of

• A)substitution bias.
• B)product-improvement bias.
• C)introduction of new goods.
• D)unmeasured quality change.

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Definitions:

Fibrinogen

A soluble plasma protein that is converted to the insoluble protein fibrin during blood clotting.

Fibrin

A fibrous protein involved in the clotting of blood, formed from fibrinogen in response to injury.

Basophils

A type of white blood cell involved in allergic reactions and inflammation, characterized by the presence of granules that can release histamine and other substances.

Histamine

An organic nitrogenous compound involved in local immune responses, regulating physiological function in the gut, and acting as a neurotransmitter.