Which Statement(s) Is/are True

question 129

Multiple Choice

Which statement(s) is/are true?
I. A major source of income inequality in the United States stems from differences in education levels.
II. Differences in the number of earners in a household is not a source of income inequality in the United States.
III. Differences in spending habits is a major factor in explaining income inequality.

• A) I only
• B) II only
• C) III only
• D) I and II only

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Definitions:

Financial Consultant

A professional who provides expert advice on managing finances, including investments, taxes, retirement planning, and insurance.

Sense of Well-being

A feeling of health, happiness, and prosperity, often considered as a holistic understanding of one’s physical, psychological, and social health.

Financial Strain

A condition of experiencing stress due to inadequate financial resources or difficulties in managing financial obligations.

Financially Independent

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.