Table 24-7

question 50

Multiple Choice

Table 24-7. 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 24-7. If the base year is 2009, then the economy's inflation rate in 2010 is

• A)8 percent.
• B)10 percent.
• C)10.91 percent.
• D)11.11 percent.

---

Definitions:

Bailee

A person or entity who has temporary custody or possession of another's property under a bailment agreement.

Negotiable Document of Title

A negotiable document of title represents control or ownership of goods that are in transit or storage and can be transferred by endorsement or delivery to effect the transfer of goods it covers.

Direct Institutional Discrimination

Occurs when an institution employs policies or practices that are discriminatory against a person or group.

Indirect Institutional Discrimination

When individuals are treated differently based on an unlawful criterion (physical disability, cultural origin, age, gender, religion), even though these actions were never intended to be discriminatory.