In 2008,the Nominal Minimum Wage Rate Was $7

question 105

Multiple Choice

In 2008,the nominal minimum wage rate was $7.25 an hour and the CPI was 200.The real minimum wage rate in 2008 was

• A)$3.63 an hour.
• B)$14.50 an hour.
• C)$1450 an hour.
• D)$26.32 an hour.
• E)$7.25 an hour.

---

Definitions:

Political Conservatives

Individuals who typically adhere to traditions and have a cautious approach to change, valuing stability and order.

Political Liberals

Individuals or groups advocating for progressive policies, emphasizing civil rights, and supporting social and economic equality.

Situational Influences

External factors or circumstances that can affect an individual's behavior, decisions, or perceptions in a given context.

Personal Dispositions

Character traits or personality attributes that influence an individual's behavior and attitudes.