Which of the Following Statements Is Correct

question 535

Multiple Choice

Which of the following statements is correct?

• A) Approximately 50 percent of our national income is allocated to human capital, while the remaining 50 percent is allocated to physical capital in the form of rents, interest, and corporate profits.
• B) As union membership as a share of the U.S. labor force has declined during the last three decades, the share of national income allocated to physical capital has risen.
• C) Unions have consistently opposed minimum wage legislation because it tends to cause unemployment.
• D) During the past several decades, the share of output going to capital has been virtually constant, even though union membership as a share of the labor force has decreased.

---

Definitions:

Individualistic Cultures

Cultures that emphasize personal achievements and individual rights over collective goals and group identity.

Cooperate

This action involves working together with others towards a common goal or objective, typically requiring communication and coordination.

Personality Trait

Enduring characteristics or dispositions that influence an individual's behavior across different situations.

Conscientiousness

A personality trait characterized by meticulousness, responsibility, and a structured approach to tasks, often associated with high levels of success and achievement in various domains.