Every Worker Is Better Off Making More Money and Having

question 8

Multiple Choice

Every worker is better off making more money and having better benefits. If you concluded from that fact that all workers would be better off if a law were passed requiring a 25% increase in wages and benefits, then you would be

• A)right.
• B)wrong because causation and correlation are not the same.
• C)wrong and have fallen victim to the fallacy of composition.
• D)wrong because workers operate on jealousy.

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Definitions:

Fraudulent Misstatements

False or misleading statements made intentionally to deceive others.

Stop-payment Order

A request made to a bank by an account holder to not pay a check that has been issued or to halt a payment that has been preauthorized.

Holder In Due Course

A term relating to negotiable instruments, denoting a party that has received an instrument in good faith, for value, and without notice of any defects or claims against it.

Intermediary Banks

Financial institutions that serve as a middleman between the payer and the payee in transactions, particularly in international wire transfers.