-Consumers in a Country Buy Only Two Goods,pens and CDs

question 154

Multiple Choice

-Consumers in a country buy only two goods,pens and CDs.The prices and quantities purchased by urban households are in the table above.If 2011 is the reference base year,the cost of the CPI market basket in the base year is

• A)$3,400.
• B)$3,408.
• C)$3,580.
• D)$3,508.
• E)$3,500.

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Definitions:

Intergroup Bias

The tendency to favor one's own group over other groups in terms of judgment, preference, or treatment.

Task Conflict

Disagreements about the nature of the work to be done.

Relationship Conflict

Interpersonal tensions among individuals that have to do with their relationship per se, not the task at hand.

Process Conflict

Disagreements about how work should be organized and accomplished.