Refer to the Information Provided in Table 15

question 4

Multiple Choice

Refer to the information provided in Table 15.1 below to answer the questions that follow.
Table 15.1
-Refer to Table 15.1. What is the real wage rate in 2014 using 2016 as the base year?

• A) $6.00
• B) $6.84
• C) $11.40
• D) $13.30

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Definitions:

Rescission

The legal act of voiding a contract and returning the parties involved to their states prior to the contract, as if the contract had never existed.

Scienter

Knowledge of wrongdoing or fraudulent intent, especially as a component to proving certain types of fraud.

False Statement

An untrue assertion presented as a fact, intentionally or unintentionally, which could mislead or deceive others.

Promissory Statements

Brief declarations or assertions made with the intention of influencing the expectations or actions of others, often found in contracts or agreements.