Which Is the BEST Explanation for Why Standard of Living

question 94

Multiple Choice

Which is the BEST explanation for why standard of living only increases through productivity?

• A) The more goods that are available, the lower prices will be.
• B) More goods are available without having to come by additional resources.
• C) Productivity increases the money supply in an economy.
• D) Purchasing power increases when there is more consumer choice.
• E) Prices are determined by the standard of living.

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Definitions:

Appropriateness

Suitability or relevance of a behavior, response, or action in a specific context or situation.

Typicality

The degree to which an object or event is representative of its class, category, or group, affecting how easily and quickly it is recognized and processed.

Id

In psychoanalytic theory, the part of the human psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Motto

A short sentence or phrase chosen as encapsulating the beliefs or ideals guiding an individual, family, or institution.