Table 6-6 the Table Below Applies to an Economy with Only

question 411

Multiple Choice

Table 6-6. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fixed basket consists of 4 hamburgers and 8 hot dogs.

-Refer to Table 6-6. Which of the following scenarios is consistent with this statement? "The rate of inflation was 23.75 percent for 2011."

• A) The price of a hot dog was $2.44 rather than $3.30 in 2010, with other prices in the table remaining fixed.
• B) The price of a hot dog was $4.22 rather than $3.63 in 2011, with other prices in the table remaining fixed..
• C) The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.
• D) The price of a hamburger was $6.60 rather than $5.61 in 2011, with other prices in the table remaining fixed.

---

Definitions:

Military Personnel

Members of the armed forces, including soldiers, officers, and other individuals who serve in a country's military organization.

Mumford

Refers to Dr. Michael Mumford, known for his contributions to understanding leadership, creativity, and organizational behavior.

Business Leaders

Individuals in senior positions within companies who make strategic decisions, guide direction, and inspire employees toward achievement of organizational goals.

Mumford's Skills Model

A framework proposing that leadership effectiveness is a function of a leader's competencies in problem-solving skills, social judgement skills, and knowledge.