Albanda is an agrarian economy located in south asia. shen chou and her friend wang tao are discussing the efficacy of the consumer price index. shen, who works with a nonprofit organization, says that the consumer price index does not reflect the realities of consumption patterns of the average consumer. wang, a policy planner, says that it must be accurate because it was updated only a year ago. which of the following, if true, would weaken wang's argument? a. a major objective of the cpi revision in the previous year was to reduce the extent of the bias in the index. b. the cpi in albanda is calculated based on consumption and spending patterns of urban consumers. c. albanda is heavily dependent on imports of food grains because it has a low proportion of arable land. d. even though comparable goods were less expensive in albanda than in a neighboring country, the cpi increased more in albanda during the e. housing prices in the economy fell during the year because of a decline in speculative buying of long-term assets. period.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

In microeconomics, the point at which supply and demand meet is called the blank price