Workers are generally in a better position to protect themselves from inflation in comparison to retired persons because workers' incomes
A)are more likely to be fixed.
B)are more likely to be variable.
C)always rise during inflation.
D)are guaranteed by the federal government.

Question

Quizplus · Accepted Answer

Workers' incomes are more likely to be variable, meaning that they have the ability to negotiate for higher wages and may have opportunities for promotions or job changes that offer higher salaries. Retired persons, on the other hand, typically rely on fixed incomes from pensions or retirement savings that are not subject to increases in salary or wages. This makes it more difficult for them to keep up with inflation. Option A and D are incorrect because workers' incomes are not necessarily fixed or guaranteed by the federal government. Option C is incorrect because workers' incomes may not always rise during inflation, as inflation can also lead to job losses and reduced wages.

Workers Are Generally in a Better Position to Protect Themselves