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A-LevelEconomicsLabour MarketsMay/June 2018Paper 3 Q151 Mark

An engineer is paid $100000 a year. The next best paid job she could get is as a teacher at $60000 a year. What are her transfer earnings and her economic rent? transfer earnings $ economic rent $ A 60000 zero B 60 000 40000 C 100000 zero D 100 000 40000

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) May/June 2018 examination, Paper 3 Variant 1. It tests the topic of Labour Markets and is worth 1 mark.

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