Which of the Following Is the Best Example of Economic

question 54

Multiple Choice

Which of the following is the best example of economic rent?

• A)Bob leases a two-bedroom apartment in town for $1,000 that he could have got for $700.
• B)Ann was paid a $20,000 bonus this year for selling $500,000 more than her required sales quota.
• C)Diane received a $20,000 raise to counter a job offer she received from a competing firm.
• D)Carl,a union member,earns $20,000 more than a worker who is not a member of the union.

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Definitions:

N-Methylacetamide

An organic compound used as a solvent and in the synthesis of other compounds, featuring an acetamide group substituted with a methyl group.

Secondary Amide

An amide derived from an acid by replacement of the hydroxyl group by an amino group, where the nitrogen atom is bonded to two carbon atoms.

Primary Amide

Organic compounds containing the functional group -CONH2 attached to a primary alkyl or aryl group.

γ-Butyrolactam

A cyclic amide consisting of a four-carbon ring, used in organic synthesis and pharmaceuticals.