Refer to the Following Wage Breakdown for a Garment Factory

question 54

Multiple Choice

Refer to the following wage breakdown for a garment factory: What are the class limits for the class with the smallest frequency?

• A)3.5 and 6.5
• B)4 and up to 7
• C)13 and up to 16
• D)12.5 and 15.5

---

Definitions:

Value Judgments

Assessments based on personal views, ethics, or standards rather than objective measures, often influencing decision-making processes.

Policy Issues

Topics or problems that require governmental or organizational decision-making and action for resolution.

Normative Economic Statement

Statements that reflect opinions, beliefs, or values about what the economy should be like, rather than what it actually is.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.