A Labor Contract Provides for a First-Year Wage of $10

question 107

Multiple Choice

A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the second year of the contract and by another 3 percent in the third year. The CPI is 1.00 in the first year, 1.07 in the second year, and 1.15 in the third year. What dollar wage must be paid in the third year?

• A)$10.61
• B)$11.15
• C)$12.20
• D)$12.31

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Definitions:

Civilly Committed

A legal process by which individuals with certain mental illnesses or disorders can be mandated to receive treatment or care, typically in a secure facility, without their consent, for their own well-being and for public safety.

Right to Treatment

The legal and ethical principle that individuals, especially those with mental or physical illnesses, have the right to receive appropriate and adequate medical care and treatment.

Criminal Commitment

The process of incarcerating an individual found guilty of a crime, or in some cases, detaining someone determined to be mentally unfit to stand trial.

Civil Commitment

A legal process through which an individual with severe mental illness can be mandated to undergo treatment or hospitalization.