Which of the Following Statements Is False

question 15

Multiple Choice

Which of the following statements is false ?

• A)There are more poor white persons than there are poor African-American persons.
• B)People are more likely to be poor when they are young than at any other time.
• C)Families headed by females are more likely to be poor than families headed by males.
• D)The uneducated and poorly educated are less likely to be poor than the educated.

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Definitions:

Social Inefficiencies

Situations where resources are not allocated efficiently due to factors such as externalities, public goods, or market power, leading to a loss of social welfare.

Monopolist

A single seller in a market with no close substitutes for the product or service, giving them significant control over prices and output.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the production volume varies.