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Author Question: Both Claudia and Javier are certified educators. Claudia makes $55,000 a year working as a teacher ... (Read 267 times)

DelorasTo

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Both Claudia and Javier are certified educators. Claudia makes $55,000 a year working as a teacher in a public high school in Chicago. Javier makes $40,000 working as a grade school teacher in a private school in Chicago. Which of the following is 
true?


◦ Javier is clearly worse off than Claudia, because he earns $15,000 a year less.
◦ Javier must be better off than Claudia if he is willing to take a job at $15,000 a year less than Claudia.
◦ From this information it cannot be determined who is better off because income is an imperfect measure of well-being.
◦ Even though income is an imperfect measure of well-being, Claudia and Javier must be equally well off because either is free to switch jobs.


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Marked as best answer by DelorasTo on Apr 19, 2019

kalskdjl1212

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