Question

The practice of clipping coins by feudal lords was a subtle form of:
A. Specialization
B. Investment
C. Taxation
D. Barter

The unemployment rate for managerial and professional workers tends to be high.
A. true
B. false

Which measures the changes in the prices of a "market basket" of some 300 goods and services purchased by typical urban consumers?
A. The GDP price index
B. The Consumer Price Index
C. The Retail Trade survey
D. The Survey of Manufactures

Answer 1

1. Option C.

The practice of clipping coins by feudal lords was a subtle form of Taxation.

In the older times, the coins were clipped and made smaller so that the clipped parts could be used again to make more coins in order to buy more goods and services.

2. False.

The unemployment rate tends to be high for those people who are less skilled and lack experience.

Managerial and professional workers tend to have the least unemployment rate.

3. Option B.

CPI or the consumer price index measures the changes in the prices of goods and services in a market basket of an economy.

Hence it measures the changes in the prices of a market basket of some 300 goods and services purchased by typing urban consumers