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:

Iron

A strong, hard magnetic silvery-gray metal, extensively used in construction and manufacturing, especially as a component of steel.

Isotopes

Atoms of the same element that have the same number of protons but different numbers of neutrons in their nuclei, resulting in different mass numbers.

Bromine

A halogen element with the symbol Br and atomic number 35, known for its reddish-brown color and use in flame retardants and other chemicals.

Isotope

Atoms of the same element that have the same number of protons but different numbers of neutrons, resulting in different atomic masses.