Which of the Following Statements Is False

question 77

Multiple Choice

Which of the following statements is false?

• A)If people were more alike in terms of their marketable innate abilities and attributes, there would be less income inequality.
• B)Some degree of income inequality can be attributed to the fact that some people consume less leisure than others.
• C)Schooling is referred to as human capital.
• D)Education differences are generally not reflected in income differences.

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Definitions:

Alexander Gardner

A notable 19th-century photographer, known for his documentation of the American Civil War and his portraits of famous figures.

Limited Warranty

A warranty with certain conditions and limitations on the parts covered, duration, or service provided.

Signal

An action or indicator that conveys information to market participants or other parties, often influencing decisions or behaviors.

Principal-Agent Relationship

A situation in which one party (the principal) grants another party (the agent) the authority to act on their behalf, often subject to a contract.