What Is Resistance to Extinction? Distinguish Between Low Resistance and High

question 56

Essay

What is resistance to extinction? Distinguish between low resistance and high resistance to extinction.

---

Definitions:

Real Wages

The purchasing power of wages, adjusted for inflation, representing the quantity of goods and services that can be bought.

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.