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Cruz Earned $500 a Week in 2003,the Base Year;by 2009

question 26

Essay

Cruz earned $500 a week in 2003,the base year;by 2009 she was earning $700.If the consumer price index was 150 in 2009,how much were Ms.Cruz's real wages that year,and by what percentage had they changed?

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Definitions:

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at preventing anticompetitive practices in their incipiency and protecting trade and commerce against unlawful restraint and monopoly.

Antitrust Violations

Activities that reduce or prevent competition, deemed illegal under antitrust laws designed to promote fair competition.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to preserve free and unfettered competition as the rule of trade.

American Tobacco

A historical company involved in the manufacturing and selling of tobacco products, once a major player in the tobacco industry.

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