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Which of the following does NOT add to the cost of consumer goods and services?
Wiki User
∙ 8y ago
raising minimum wage
Wiki User
∙ 8y ago
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What is Consumer prices?
Consumer Price Index (CPI) is an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.
In soviet union what was the opportunity cost of the emphasis on heavy industry?
The opportunity cost were the consumer goods and services.
In the soviet union was the opportunity cost of the emphasis on heavy industry?
The opportunity cost were the consumer goods and services.
What is one measure of how much goods and services cost at a particular point in time?
Consumer Price Index
Which does NOT add to the cost of consumer goods and services?
The cost of consumer goods and services (CPI) does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.) Ref: alpari.com/en/beginner/glossary/
What was the benefit of the soviet union decision to concentrate on heavy industry What was the opportunity cost and who paid it?
The opportunity cost were the consumer goods and services.
What does the term Consumer Price Index mean?
The goods consumers can buy an it helps to analyzed
Are intermediaries really important in the movement of goods from the manufacturers to the consumer?
Intermediaries are really important in the movement of goods from the manufacturers to the consumer. However, they also contribute to the high cost of goods as they have to make some profit while offering these services.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
How much did things cost in 2004?
The Consumer Price Index is a good indication of the relative prices of goods and services. In 2004, it was 188.9. In 2014, it was 236.2.
Consumer price index?
Consumer price index is a way to measure the averages of prices of consumer goods and services. It is calculated by taking price changes of items or goods and averaging them. Consumer price index is used to assess price changes associated with the cost of living.
Why is procurement lead time important?
When acquiring goods or services, it is essential to acquire it at minimal cost while meeting consumer demand in terms of quality and quantity.
