Which Is the Best Explanation for Why Standard of Living

question 49

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 add 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:

Exchange of Money

The process of transferring currency between parties as payment for goods or services.

Service Workers

Individuals employed in the service sector, providing intangible goods and services to consumers, such as healthcare, hospitality, and retail services.

Violence

The use of physical force or power, threatened or actual, against oneself, another person, or against a group or community, that either results in or has a high likelihood of resulting in injury, death, psychological harm, maldevelopment, or deprivation.

Firefighters

Trained professionals dedicated to extinguishing fires, rescuing individuals, and preventing the spread of fires, often involved in medical aid and disaster response.