Think of a good (other than smartphones) that has increased or even decreased in quality over time

Question:

Think of a good (other than smartphones) that has increased or even decreased in quality over time while the price has remained relatively constant. Explain how the change in quality could bias CPI.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

See More Books

Question Posted: Feb 20, 2024 01:01 AM

See More Questions

Since Ryanair DAC's2 emergence as an upstart challenger to the Aer Lingus Ltd.-British Airways plc duopoly in the late 1980s, it had been both a consumer champion and antagonist; a technological...
From the attached article: 1) Introduction - Describe the case. What happened? When did that happen? Who got involved? 2) Identify the link between the case and global market changes?...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
Formulate a plausible mechanism for the following reaction. The product is a precursor of mediquox (shown in the margin), an agent used to treat respiratory infections in chickens (no, we are not...
Your firm has issued a 20-year $1,000.00 par value semi annual 10% coupon bond that sells for $1,000 in the market place. The proceeds from the sale of the bond issue is $975.00 per bond. What is...
The following transactions occurred during 2019: (a). Issued shares to investors for $100,000 cash (b). Borrowed $61 000 from the bank (c). Purchased equipment for $17 000 cash. (d) Purchased $723...
Assume that the number of asbestos particles in a squared meter of dust on a surface follows a Poisson distribution with a mean of 1000 . If a squared meter of dust is analyzed, what is the...
Rush Presbyterian requires that employees in all job classifications be able to speak and write English. Garcia, a Latino, contends that this rule discriminates against those for whom English is not...
A European put option on the share with an exercise price of $20 is currently trading for $22.00. The call option has six months until expiry and the riskless interest rate (continuously...
Which of the following are signs of inflation? a. The price of a house in a high-demand market increased by 6% last year. b. CPI in the European Union was 106 in 2020 and 109 in 2021. c. The price of...
Think about constructing a CPI for students. What do you think belongs in the basket of goods and services for the average student? Do you think that the value of this basket over time has likely...
Write the HinduArabic numeral as a Babylonian numeral. 36,184
Data Input Box: Number of mortgages in initial pool 500 Average mortgage balance $300,000 Initial mortgage pool balance $150,000,000 Prepayment rate 7.50% Mortgage rate 4.50% Servicing and Guarantee...
1) John was in Miami, he visited his investment house and invested a total of US$12,000, a fraction at 4% and the remainder at 6%. His total annual return would be $620. How much did he invest at...
Nicole wants to show the management in her organization real-time data about attacks from around the world via multiple service providers in a visual way. What type of threat intelligence tool is...
BHT Company evaluates a project for a potential inclusion in its capital budget. In the first year of the project, it expects incremental net income of $33 million, depreciation expenses of $8...
(1 point) A local polka band wants to make and sell CDs of its songs. Suppose it costs $ 1000 to record, S 450 to edit, and S 350 for album artwork, and suppose each CD that is manufactured will cost...
The court held that the contract, together with the check, satisfied the writing requirement. Was the writing clear and complete?
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
Suppose there are 1,000 hot pretzel stands operating in New York City. Each stand has the usual U-shaped average-total-cost curve. The market demand curve for pretzels slopes downward and the market...
What are the three reasons that a market might have a monopoly? Give two examples of monopolies and explain the reason for each.
Explain how a monopolist chooses the quantity of output to produce and the price to charge.
Denver Company had a fiscal year - end December 3 1 , 2 0 X 8 retained earnings account balance in its statement of financial position of $ 2 6 0 , 0 0 0 . During 2 0 X 8 , Denver Company had net...
What is the reason for setting up products or services in QuickBooks Online?
The Chief Financial Officer of Quality Furniture, Inc. was reviewing the income statement of her firm in preparation for a meeting with the Board of Directors. The information is shown below. Quality...

Think of a good (other than smartphones) that has increased or even decreased in quality over time

Question:

Step by Step Answer:

Lets consider laptop computers as an example Over time advancements in technology have led to improv...View the full answer

Principles Of Economics

Students also viewed these Business questions