Cost of Living Indexes

question 38

Multiple Choice

Cost of living indexes

• A) automatically adjust for changes in product quality.
• B) are based on a fixed package of goods and services.
• C) do not include housing costs.
• D) recognize that consumers will substitute lower for higher priced items.

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Definitions:

Hierarchical

Describing a system or organization in which people or groups are ranked one above the other according to status or authority.

Domain

(1) A structural and functional region of a protein. (2) The broadest taxonomic category; each domain includes one or more kingdoms.

Paraphyletic Group

A group of organisms that includes an ancestral species and some, but not all, of its descendants.

Common Ancestor

The most recent shared ancestor among different species or individuals from which they have descended.