Under Rule 3

question 21

True/False

Under Rule 3.3(a)(3)of the Model Rules, an attorney has an ethical duty to disclose legal authority adverse to the position of the client that is not disclosed by the opposing counsel.

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Definitions:

Minimum Wage

The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.

Backward-Bending Labor Supply Curve

As the wage rate rises, more and more people are willing to work longer and longer hours up to a point. They will then substitute more leisure time for higher earnings.

Hourly Wage

Compensation paid based on the number of hours worked, typically expressed as a rate per hour.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.