As a determinant of a person's income, luck is more important in the __________ run, as continuous reoccurrences of one kind of luck are __________.

Question

Quizplus · Accepted Answer

In the short run, luck can significantly impact a person's income because unexpected opportunities or windfalls can occur. However, over the long term, the continuous occurrence of one kind of luck (either good or bad) is unlikely, as various factors such as skill, education, and effort tend to play a more substantial role in determining income.

As a Determinant of a Person's Income, Luck Is More