Both Amy and Tom are trained as nurses. Amy makes $35,000 a year working as a nurse in an emergency room in a New York City hospital. Tom makes $20,000 working as a community health nurse in New York City. Which of the following is true?
A) Tom is clearly worse off than Amy, because he earns $15,000 a year less.
B) Tom must be better off than Amy if he is willing to take a job at $15,000 a year less than Amy.
C) From this information it cannot be determined who is better off because income is an imperfect measure of well-being.
D) Even though income is an imperfect measure of well-being, Amy and Tom must be equally well off because either is free to switch jobs.
Correct Answer:
Verified
Q23: A Gini coefficient of one means that
A)
Q24: As the distribution of income becomes more
Q25: A Gini coefficient of zero means that
A)
Q26: Refer to the information provided in Figure
Q27: Refer to the information provided in Figure
Q29: Both Claudia and Javier are certified educators.
Q30: The _ is a commonly used measure
Q31: The Gini coefficient is
A) the most common
Q32: Refer to the information provided in Figure
Q33: An _ distribution of income would yield
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