Which of the Following Statements Is Correct

question 117

Multiple Choice

Which of the following statements is correct?

• A)Based on studies of human decision making, most people are overconfident in their own abilities.
• B)Arrow's impossibility theorem disproves the median voter theorem.
• C)Romantic gifts are an example of adverse selection.
• D)An efficiency wage encourages workers to shirk.

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Definitions:

Oceanic Divergent Boundary

A tectonic plate boundary where two oceanic plates move apart, leading to the formation of new oceanic crust through volcanic activity.

Ocean-continent Convergent

A type of tectonic plate boundary where oceanic and continental plates converge, typically resulting in subduction of the oceanic plate and formation of mountain ranges and volcanic activity on the continental plate.

Transform Boundary

A type of fault where tectonic plates slide past one another horizontally, leading to earthquakes but not substantial vertical movement.

Mid-ocean Ridge

An underwater mountain range, formed by plate tectonics, that encircles the globe, marked by volcanic activity and seafloor spreading.