Question

Which statement(s) is(are) true? I. A major source of income inequality in the United States stems from differences in education levels. II. Differences in the number of earners in a household is not a source of income inequality in the United States. III. Differences in spending habits is a major factor in explaining income inequality.
	III only II only I and II only. I only

Answer 1

ANswer

Option 4

I only

A major source of income inequality in the United States stems from differences in education levels

The income changes as per the education level in thee the US, and that shows the income inequality patterns as per education levels. It also depends on the number of earners in a household but not on the spending habits.

Answer 2

Based on the information provided, the correct statement is:

I only

Explanation: I. A major source of income inequality in the United States stems from differences in education levels.

This statement is true. Education levels have been shown to be a significant factor in determining income levels and, consequently, income inequality in the United States. People with higher levels of education tend to have access to higher-paying jobs and more opportunities for career advancement.

II. Differences in the number of earners in a household is not a source of income inequality in the United States.

This statement is not necessarily true. The number of earners in a household can indeed influence income inequality. Households with multiple earners generally have a higher combined income than single-earner households, which can contribute to income inequality when comparing different households.

III. Differences in spending habits are a major factor in explaining income inequality.

This statement is not true. While spending habits can have an impact on an individual or household's financial situation, they are not a major factor in explaining income inequality. Income inequality is primarily driven by disparities in income levels, which can be influenced by various factors such as education, occupation, and social policies.

So, the correct answer is "I only."