I Millions of Employees in Automobile, Steel and Other Industries

question 27

Multiple Choice

i. Millions of employees in automobile, steel and other industries have their wages adjusted upward when the CPI increases. The specifics are in the management-union contracts. These clauses in the contracts are referred to as "cola clauses." ii. When two or more series of index numbers to be compared do not have the same base period, we select a common base period for all series. Then we use the respective base numbers as the denominators and convert each base to the new base.
iii. The largest component of the Canadian CPI is Food.

• A) (i), (ii), and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements

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Definitions:

Retrieval Cue

A stimulus that allows or aids the recall of information stored in memory.

Mnemonic Device

A tool or strategy used to improve memory by making information easier to remember, often through the use of associations, patterns, or acronyms.

Memory Chunk

A cognitive strategy where individual pieces of information are grouped together into larger units, making them easier to remember.

Retrieval Cue

Stimuli or prompts that aid the recall of information stored in memory.