Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)There are no special nonpecuniary aspects to any job.
• B)Nonpecuniary aspects of a job refer to the nonmoney aspects of a job.
• C)A change in the wage rate can change the quantity demanded and quantity supplied of labor.
• D)A change in the supply of labor can affect the wage rate.

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Definitions:

Consumption Expenditures

The total amount spent by households on goods and services for personal use.

Government Expenditures

The total amount spent by the government, including spending on goods, services, and public works, and transfer payments.

GDP Components

The parts that make up Gross Domestic Product, generally categorized as consumption, investment, government spending, and net exports.

GDP

Gross Domestic Product, the total monetary value of all final goods and services produced within a country's borders in a specific time period.