Effects of Which of the Following Influences Result from the Fact

question 141

Multiple Choice

Effects of which of the following influences result from the fact that even children who grow up in the same family do not all have the same experiences?

• A)shared genetics
• B)nonshared genetics
• C)shared environment
• D)nonshared environment

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Definitions:

Nominal Wage

The amount of money paid to a worker per unit of time, measured in current currency terms without adjustment for inflation.

Price Level

A general measure of current prices for every type of good or service created in the economy.

Real Wage

The purchasing power of an individual's earnings, adjusted for inflation, reflecting the actual goods and services that wages can buy.