Wages Tend to Be Low in Which of the Following

question 37

Multiple Choice

Wages tend to be low in which of the following industries?

• A) Education and health care
• B) Technology intensive industries
• C) Professional services
• D) Pharmaceuticals

---

Definitions:

Periodic Interest Rate

The interest rate charged on a loan or realized on an investment over a specific period of time.

Compounded Quarterly

This term describes the method of calculating interest by adding the interest to the principal sum every quarter, leading to compound interest.

Compounded Semi-annually

Interest that is calculated and added to the account balance twice a year.

Annual Payments

Payments that are made once a year.