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Regina Wants to Open Her Own Coffee Stand

question 50

Multiple Choice

Regina wants to open her own coffee stand.To do that she will need equipment and supplies.The two methods Regina can use to pay for these items are:

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Definitions:

Consumer Price Index

An index measuring the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Base Year

The year with which other years are compared when an index is constructed: for example, a price index.

Minimum Wage

The lowest legal hourly pay for employees, set by government law.

Unskilled Workers

Workers who possess no special skills or training and typically perform simple tasks that require minimal prior experience.

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