Table 24-10 The Table Below Shows the Prices of Baseballs and Baseball

question 363

Multiple Choice

Table 24-10
The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats.
-Refer to Table 24-10. If 2010 is the base year, then the consumer price index was

• A)77.40 in 2008, 85.16 in 2009, and 100.00 in 2010.
• B)50.50 in 2008, 67.50 in 2009, and 100.00 in 2010.
• C)90.88 in 2008, 85.16 in 2009, and 100.00 in 2010.
• D)169.50 in 2008, 186.50 in 2009, and 219.00 in 2010.

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Definitions:

Culture Diversification

The process by which a culture becomes more varied and complex through the incorporation of different ethnic, social, or cultural influences.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Culture

The collective set of customs, traditions, arts, social norms, and knowledge shared by a particular group of people.

Cooperation

The process of groups working jointly towards a common goal or interest.