Recall Application 5, "The Declining Real Minimum Wage," to Answer

question 185

Multiple Choice

Recall Application 5, "The Declining Real Minimum Wage," to answer the following questions:
-According to the application, if the weekly income from 1974 to 2007 increased from $80 to $234, but the number of standard baskets of goods that the weekly income decreased from 1.70 to 1.16 in 2007, then we can conclude that:

• A) prices decreased faster than the wage increase between 1974 and 2007.
• B) prices increased faster than the wage increase between 1974 and 2007.
• C) prices decreased slower than the wage increase between 1974 and 2007.
• D) prices increased slower than the wage increase between 1974 and 2007.

---

Definitions:

Parenting Styles

Parenting Styles are characterized approaches to child-rearing and education that can significantly impact a child's development and behavior.

Momentary Playmateship

A brief, temporary form of friendship or interaction, typically seen in children's play where the relationship lasts only for the duration of the play.

Selman's Stages

A theory outlining the stages of development of children's ability to understand others' perspectives and social relationships.

Adjustment

The process of adapting or becoming used to a new situation or environment.