Both Amy and Tom are trained as nurses. Amy makes $35,000 a year working as a nurse in an emergency room in a New York City hospital. Tom makes $20,000 working as a community health nurse in New York City. Which of the following is true?
A. From this information it cannot be determined who is better off because income is an imperfect measure of well-being.
B. Tom is clearly worse off than Amy, because he earns $15,000 a year less.
C. Even though income is an imperfect measure of well-being, Amy and Tom must be equally well off because either is free to switch jobs.
D. Tom must be better off than Amy if he is willing to take a job at $15,000 a year less than Amy.
Answer: A
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Fill in the blank(s) with the appropriate word(s).
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