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

---

Definitions:

Qualitative Forecasting Methods

Forecasting techniques based on expert judgments and not on numerical data, often used for market trends.

Time Series Forecasting Methods

Statistical techniques used to predict future values based on previously observed values over time, often applied in finance, weather forecasting, and inventory management.

Simplicity

The quality of being easily understood or executed without complexity.

Starting Point

The initial position, condition, or phase from which a process, project, or calculation begins.