According to Your Textbook, a Key Factor in Why Growing

question 46

Multiple Choice

According to your textbook, a key factor in why growing up in a low-income family is associated with lower IQs is likely

• A) stress.
• B) genetics.
• C) a lack of interest in learning.
• D) season of birth.

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Definitions:

Noncompulsory Distributions

Financial or resource allocations made by an organization or government that are not mandated by law or regulation, often discretionary in nature.

Demand Heterogeneity

Describes the variation in consumers' preferences and needs, which can influence the market strategy of businesses.

Government Failure

Occurs when government intervention in the economy causes inefficiencies or leads to an allocation of resources that does not maximize societal welfare.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.