Which of the following statements about the earning power of an individual is true?
A) Income varies across different geographic locations due to varying costs of living.
B) Heads of households who have less formal education earn more.
C) Career planning does not help in improving earning potential.
D) People who are very old have high incomes.
E) Marital status has no impact on an individual's personal income.

Question

Quizplus · Accepted Answer

Income does vary across different geographic locations due to varying costs of living. Cost of living may include expenses such as housing, food, and transportation, which may vary significantly across different locations.

Which of the Following Statements About the Earning Power of an Individual