Which of the Following Does Not Contribute to an Economy's

question 148

Multiple Choice

Which of the following does not contribute to an economy's standard of living in the long run?

• A) increases in the amount and quality of resources, especially labor and capital
• B) better technology and know-how
• C) improvements in the rules of the game that facilitate production and exchange
• D) a reliable and respected system of property rights, customs, and conventions that nurture productive activity
• E) a reduction in productivity

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Definitions:

Planned Marketing Strategy

Planned marketing strategy refers to a deliberate approach designed to achieve specific marketing goals and objectives through targeted actions and initiatives.

Managerial Mistakes

Managerial mistakes refer to errors made by managers, often due to poor decision-making, lack of information, or oversight, which can negatively impact an organization.

Competitive Activity

Actions taken by companies to gain an advantage or achieve superior performance relative to their competitors.

Interdependency

A mutual reliance between two or more entities where each depends on the others for success, resources, or support.