Multiple Choice
Which of the following exemplifies the outlet bias in the computation of the CPI?
A) Roxanna refuses to shop at factory outlet stores because she says that the layouts of the stores are too chaotic and therefore is too time-consuming.
B) Yu-Jen does most of her shopping at Costco instead of Safeway because the prices at Costco are more competitive.
C) Katie prefers to buy her groceries at Whole Foods because they carry a wide selection of organic produce.
D) Diana does her holiday shopping at Metro-Foods because she values their excellent customer service.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: The main cause of hyperinflation is an
Q103: Use the following to answer questions .<br>Exhibit:
Q104: The costs of the market basket in
Q105: The total labor force comprises:<br>A) all individuals
Q106: Real GDP is multiplied by _ to
Q108: Use the following to answer questions .<br>Exhibit:
Q109: A newspaper article recently stated that there
Q110: What is structural unemployment? State the various
Q111: Use the following to answer questions .<br>Exhibit:
Q112: An unemployed person is:<br>A) one who is