In the US, Over Twenty-Five Million Employed Adults Who Earn No More

question 39

Multiple Choice

In the U.S., over twenty-five million employed adults who earn no more than a dollar or two an hour above minimum wage are referred to as

• A) Blue collar
• B) "Living wage" earners
• C) the working poor
• D) the under class

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Definitions:

FOB

Free On Board; a term in international commercial law specifying at what point the risk of loss shifts from the seller to the buyer.

Trade-In Allowance

The amount credited to the buyer by the seller when the buyer gives a previously owned product as part of the payment for a new product.

Price Reduction

A decrease in the price of a product or service, often to attract more customers or respond to market conditions.

Used Product

A term referring to items that have been previously owned and utilized by one or more persons before being sold or given to a new owner.