Nickel and Dimed: on (Not) Getting by in America BARBARA

question 34

Multiple Choice

Nickel and Dimed: On (Not) Getting By in America BARBARA EHRENREICH
-According to the law, if a waitress's tips and salary fall below the minimum wage:

• A) the employer is required to make up the difference
• B) no taxes can be deducted from her salary
• C) her salary must be raised to the minimum wage level for at least a month
• D) she can do nothing, since she is responsible for her (lack of) tips

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Definitions:

Joseph Schumpeter

An Austrian economist and political scientist known for his theories on business cycles and innovation. He introduced the concept of creative destruction, which describes how old industries are destroyed and replaced by new ones.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical theories about capitalism and advocacy for socialism.

Marginal Revenue Product

The Marginal Revenue Product indicates the additional revenue generated from employing one more unit of a resource, such as labor or capital.

Acre of Land

An Acre of Land is a unit of area measurement used in the U.S. and British Imperial systems, equivalent to 4,840 square yards or about 4,047 square meters.