Shondra's Real Wage in 2016 Is $18

question 146

Multiple Choice

Shondra's real wage in 2016 is $18.50.If the price level is 106,what is Shondra's nominal wage?

• A)$19.61
• B)$18.61
• C)$18.50
• D)$17.44

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Definitions:

Direct Selling

Retailing in which an independent representative of a company conducts retail and sales-related activities away from a fixed retail location, most often at consumers’ homes or place of business. Also known as direct retailing.

Specialty Food

Food that is of high quality and often unique in terms of origin, ingredients, or preparation, targeting a specific consumer market.

Opportunistic Buying

Purchasing behavior in which off-price retail stores negotiate especially low prices for certain categories of merchandise, such as end-of-season goods and closeouts.

Off-Price Retail

Retailers who sell branded goods at lower than the manufacturer's suggested retail price, typically by offering surplus or out-of-season items.