A-LevelEconomicsLabour MarketsFeb/Mar 2018Paper 3 Q161 Mark
A teacher currently earns $30000 but would be willing to continue to do the job provided she earned at least $25000. She prefers to stay in her teaching job than change to her next best alternative employment as an accountant where she could earn $40000. Which statement is correct? A Her economic rent as a teacher is $5000. B Her economic rent as an accountant is $10000. C Her transfer earnings as a teacher are $30000. D Her transfer earnings as an accountant are $15000.
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The correct answer is —. This question tests the candidate's understanding of labour markets within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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