When Asking for Wage Increases, Workers

question 149

Multiple Choice

When asking for wage increases, workers:

• A) are influenced by inflationary expectations.
• B) are not influenced by future possible price increases.
• C) are influenced only by their productivity increases.
• D) always get what they ask for.

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Definitions:

Par Value

A nominal value assigned to a security or stock, often used to calculate dividends or interest.

Interest

The cost of borrowing money or the compensation paid for the use of money, usually expressed as an annual percentage rate.

Premium

The amount paid for an insurance policy, or the amount by which a bond or stock sells above its par value.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, which may differ from its market value.