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Which economic indicator measures the change in prices of specific goods and services over time?
The Consumer Price Index (CPI) basically measures inflation. The CPI takes a basket of goods and sees how much each of those goods costs. A change in the price of this basket of goods produces a change in the CPI. The CPI is representative of the prices of all goods in the economy for the United States and measures the changes in these prices over time.
Which market structure is there no control over prices?
Perfect competition
Under which market structure is there no control over prices?
monopoly
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
Under what market structure does the firm have the most control over prices?
Monopoly
What are the benefits of government control over business activities?
So that it may control the prices of goods in terms of placement of pricing policy.Regulate the prices of goods to avoid consumer exploitation and official harrassment. In order to check the type,quality,quantity of goods produced and distributed into the consumer domain.YORO
An increase in consumer goods prices over time is called:?
inflation
What is A group's exclusive control over goods?
Monopoly
Which economic indicator measures the change in prices of specific goods and services over time?
The Consumer Price Index (CPI) basically measures inflation. The CPI takes a basket of goods and sees how much each of those goods costs. A change in the price of this basket of goods produces a change in the CPI. The CPI is representative of the prices of all goods in the economy for the United States and measures the changes in these prices over time.
Which market structure is there no control over prices?
Perfect competition
Under which market structure is there no control over prices?
monopoly
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
What market situations in an industry results in the lowest prices for consumers?
Over supply of the goods in question
What market situation in an industry result in the lowest prices for consumers?
Over supply of the goods in question
Why is there such a wide variety of desired goods and services?
people have unlimited needs and wants, economics change over time, products are improved to satisfy consumers needs and wants because of the diversity of goods wanted this is why such a wide variety of goods is in the market.
Under what market structure does the firm have the most control over prices?
Monopoly
Did OPEC give importing countries more control over the price of oil?
No. It gave oil exporting countries more control over prices.
