Qin, the Owner of Reprocess Plant, Instructs Shi, a Plant

question 104

Multiple Choice

Qin, the owner of Reprocess Plant, instructs Shi, a plant supervisor, to fill a storage tank with a chemical made by Toxins Inc. that, as both Qin and Shi know, will combust if combined with the substance previously stored in the tank. And, as they also both know, the tank has not been cleaned. Liability for any resulting harm or damage extends to

• A)Toxins Inc. only.
• B)Qin and Shi only.
• C)Qin only.
• D)Shi only.

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Definitions:

Nominal Wages

The amount of money paid to an employee before adjustments for inflation; the face value of wages.

Real Wage

The purchasing power of wages, taking into account the effect of inflation on purchasing power.

Nominal Wage

The wage paid to employees in current dollars without adjustment for inflation, reflecting the actual amount of money received.

General Price Level

An index that shows the average price of goods and services across the economy over a period of time.