Which of the Following Statements Is FALSE

question 57

Multiple Choice

Which of the following statements is FALSE?

• A) Even crowded, squalid living conditions in expanding Third World cities are sometimes better than what people have in the countryside
• B) When governments set commodity prices to make urban life easier, rural populations often suffer, leading to further migration to cities
• C) Agricultural mechanization is a major pull factor in urbanization of developing countries
• D) Political instability can play a major role in urban growth
• E) All of these are true

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Definitions:

Wage Rate

The amount of money paid to a worker per unit of time (e.g., hourly, daily) for their labor.

Profit-maximizing

This refers to strategies or decisions aimed at achieving the highest possible profit for a business or entity.

Marginal Product

The growth in output due to an extra unit of input.

Perfectly Competitive

A market structure where numerous small firms sell identical products, there’s free entry and exit, and no single firm can influence the market price.