Which Statement Is NOT a Fact

question 117

Multiple Choice

Which statement is NOT a fact?

• A)Intelligence is influenced by genes.
• B)Genetic differences underlie differences in skin color among races.
• C)Some racial groups outperform others on tests of intelligence.
• D)Racial differences in intelligence are due to genetic factors.

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Definitions:

Cobb-Douglas Utility

A specific form of utility function used in economics to represent preferences of consumers, characterized by a functional form that is a particular type of product of goods' amounts raised to various powers.

Compensating Variation

An economic concept referring to the amount of money one would need to attain the same level of utility after a price change.

Equivalent Variation

A measure in economics that calculates the change in wealth needed to reach utility before a price change, preserving consumer satisfaction levels.

Utility Function

An equation that quantifies how different combinations of goods or services provide different levels of happiness or satisfaction to an individual.