Scenario 24-6
TOPICS:
Price levels
Inflation
KEYWORDS:
BLOOM'S: Application
CUSTOM ID:
016.24 - SAE - MANK08
Table 24-14
The table below lists the per pound prices of meat and potatoes for the months of January, February, and March. Assume that the typical consumer buys 25 pounds of meat and 15 pounds of potatoes each month, and that January is the base period. 
-Refer to Table 24-14. Calculate the cost of a basket of goods for each month.
Definitions:
Social Exchange
People often use a form of everyday economics when they weigh up costs and rewards before deciding what to do.
Bicultural Identity
An individual's identification with two cultures and the integration of these cultures into their sense of identity.
Sari
A traditional South Asian garment consisting of a length of cotton or silk cloth that is wrapped around the body, usually draped over the shoulder.
Naan
A type of leavened, oven-baked flatbread found in the cuisines of Central and South Asia.
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