Inflation is often measured by evaluating chances in the cost of a fixed basket of goods and services. This method inflation because it does not account for changes in spending patterns that result from relative price changes.

(A) overestimates
(B) underestimates.

This problem in known as .

(A) quality/new goods bias
(B) improvement bias
(C) substitution bias
(D) index bias

Which of the following pairs is most similar to each other?

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation