Which of the Following Is False

question 61

Multiple Choice

Which of the following is false?

• A)​Accepting a reduction in current income to acquire education and training can increase future earning ability, which can raise the standard of living.
• B)​Improvements in literacy stimulate economic growth by reducing barriers to the flow of information and raising labor productivity.
• C)​One problem of providing enough education in poorer countries is that since children in developing countries are an important part of the labor force at a young age, there is a higher opportunity cost of education in terms of foregone contribution to family income.
• D)​Investment alone guarantees economic growth per capita.

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Definitions:

World's Top Brands

Brands that have achieved global recognition and success, often characterized by strong identity, exceptional quality, and significant influence on consumer choices.

Differentiated Oligopoly

A market structure in which a few firms offer products or services that are not perfect substitutes, leading to competition based on product differentiation.

Homogeneous Oligopoly

A market condition where a few companies offer products or services that are essentially the same, leading to competition primarily based on price.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for product differentiation and some control over pricing.