Newspaper and government sources often cite `core' CPI, a Consumer Price Index that does not include volatile items like gasoline and food. Why is this a misleading measure?

(A) It can overstate inflation.

(B) It can understate inflation.

(C) It misrepresents the volatility of consumer prices.

(D) All of the above.

Why is the phrase, "Follow the science," imprecise and misleading?

(A) Scientists are mostly a bunch of nerds who do not deadlift.

(B) Science is a process of falsification, not a set of dogmas.

(C) Scientists have historically stated that smoking is good for health, that Thalidomide is safe, and that peptic ulcers are caused by spicy foods (instead of H. pylori).

(D) It is neither imprecise nor misleading. Always trust scientists.

Which of the following is the best articulation of Marginalist economics?

(A) The additional value a person derives from more consumption is increasingly lower.

(B) A commodity has use value and exchange value. The latter is derived from the labour theory of value.

(C) All humani nteractions can be modelled mathematically as strategic games (game theory).

(D) Most economists are soyjacks and NPCs in the larger world of transhumanist dynamics.

Give explanation