Every Person in the World Can Have More Than One

question 78

Multiple Choice

Every person in the world can have more than one friend,and each person in the world can be a friend to more than one person.Thus,the cardinality that exists between friends and people is

• A)one-to-one.
• B)one-to-many.
• C)many-to-many.
• D)many-to-none.

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Definitions:

Real Wage

The purchasing power of wages, taking into account the effect of inflation on purchasing power.

Nominal Wage

The wage paid to employees in current dollars without adjustment for inflation, reflecting the actual amount of money received.

General Price Level

An index that shows the average price of goods and services across the economy over a period of time.

Real Wages

Wages adjusted for inflation, reflecting the purchasing power of income earned from work.