Suppose a Worker Signs a Contract Containing an 8 Percent

question 88

Multiple Choice

Suppose a worker signs a contract containing an 8 percent nominal wage increase with inflation expected to be 3 percent.Inflation turns out to be 6 percent,but the contract also contains 60 percent COLA protection.The worker's real wage under the contract

• A)falls by 1.2 percent.
• B)falls by 2.4 percent.
• C)rises by 3.8 percent.
• D)rises by 3.0 percent.
• E)rises by 1.8 percent.

---

Definitions:

Adequate Supervision

This term refers to the sufficient oversight and guidance provided by one in a position of authority to ensure that tasks and activities are conducted properly and safely.

Professional Duty

The legal or ethical obligations that professionals must adhere to in the performance of their job responsibilities, often specific to their profession's standards.

Substantial Harm

Substantial harm refers to significant physical, financial, or emotional damage inflicted upon a person or entity.

Duty of Competence

A professional obligation requiring attorneys to maintain the necessary knowledge and skill to represent a client competently.