Use the Table Below to Find the Real Wage in 2008

question 160

Multiple Choice

Use the table below to find the real wage in 2008 (in 2007 dollars) .

• A) $13.00
• B) $11.82
• C) $14.30
• D) $11.78
• E) $11.48

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Definitions:

Liability

The legal responsibility of an individual for his or her actions.

Fur Coat

A coat made from the fur of animals, worn for warmth or as a fashion statement.

Bailment

The act of temporarily transferring physical possession of personal property by one party (the bailor) to another (the bailee) for a specific purpose.

Mutuum

A loan of goods with the intention that the goods may be used and later replaced with an equal amount of different goods.