Which Is the Best Explanation for Why Standard of Living

question 113

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:

Brightness Contrast

The difference in light intensity between two adjacent areas, making one appear brighter than the other.

Mach Bands

An optical illusion where the contrast at the edges of adjacent light and dark areas appears exaggerated.

Contrast Effects

A phenomenon in psychology where the evaluation of something is influenced by comparisons with recently encountered contrasting objects or people.

Lateral Inhibition

A process in neural networks of the brain where the activity of neurons inhibits the activity of neighboring neurons, enhancing contrast and sharpness in sensory pathways.