In 1974, One Could Buy a Theater for $1

question 338

Multiple Choice

In 1974, one could buy a theater for $1.25. Today the same theater ticket costs $6.50. Which pair of CPIs would imply that the cost in today's dollars was the same for both tickets?

• A) 60 in 1964 and 390 today
• B) 75 in 1964 and 390 today
• C) 80 in 1964 and 404 today
• D) 95 in 1964 and 475 today

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Definitions:

W.B. Du Bois

An influential African American sociologist, historian, and civil rights activist, co-founder of the NAACP, best known for his exploration of racial identity and critiques of segregation.

Integration

The process of bringing together and incorporating individuals or groups into a larger entity or system, often used in the context of racial or social integration.

Economic Security

Having a steady flow of income or assets that ensures one's lifestyle can be sustained at present and in the near future.

Smith Act

is a U.S. federal law enacted in 1940 that set criminal penalties for advocating the overthrow of the U.S. government.