Final answer:
The set S of all polynomials with real coefficients is not a field because higher-degree polynomials do not have multiplicative inverses within S.
Step-by-step explanation:
The set S, representing all polynomials with real coefficients, does have an additive identity (the constant polynomial 0) and a multiplicative identity (the constant polynomial 1). However, for S to be a field, every non-zero element must have a multiplicative inverse within S. While the additive properties, such as commutativity (A + B = B + A), and the presence of the identity elements align with the properties of a field, the set S fails to satisfy the multiplicative inverse property for higher-degree polynomials. For example, x^2 has no polynomial within S that can serve as its inverse (such that x^2 multiplied by this inverse yields 1). Thus, S is not a field.