Which of the Following Statements Is Correct

question 117

Multiple Choice

Which of the following statements is correct?

• A)Based on studies of human decision making, most people are overconfident in their own abilities.
• B)Arrow's impossibility theorem disproves the median voter theorem.
• C)Romantic gifts are an example of adverse selection.
• D)An efficiency wage encourages workers to shirk.

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Definitions:

Enlist

To voluntarily sign up for military service or, more broadly, to join an organization or cause.

Union Forces

The armed forces of the United States (the North) during the American Civil War.

1863

The year 1863 is notable for several historical events, including the Emancipation Proclamation in the United States, which declared the freedom of slaves in Confederate-held territory during the American Civil War.

Northern Soldiers

Refers to the soldiers from the Union states who fought in the American Civil War against the Confederate states of the South.