The Perspective from Which a Factor Is Viewed Matters in Terms

question 137

Multiple Choice

The perspective from which a factor is viewed matters in terms of determining if, and how much, economic rent it receives. Which of the following examples illustrates this?

• A)Smith currently earns $80,000 as an accountant.If he works as an accountant at another firm, he would earn $76,000.
• B)Jones currently earns $66,000 as an attorney for a large law firm.If he were to work instead at a small law firm, he would earn $55,000.
• C)Smith currently earns $80,000 as an accountant.If he works as an accountant at another firm, he would earn $78,000, but if he works at a job outside accounting, he would earn $60,000.
• D)Jones will pay Smith more to work for him than Brown will pay Smith to work for her.
• E)a and b

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Definitions:

MyPlate

An educational tool provided by the United States Department of Agriculture to guide individuals in eating a balanced diet comprising adequate proportions of different food groups.

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A set of reference values used to plan and assess nutrient intakes of healthy people, including guidelines for vitamins, minerals, and other dietary components.

Dietary Guidelines for Americans

A set of recommendations aimed at promoting health and reducing the risk of chronic diseases through diet and physical activity, officially updated every five years.

Calorie Limits

Recommended maximum intake of calories per day to maintain or achieve a healthy weight and lifestyle.