Which of the Following Would Be Most Likely to Improve

question 76

Multiple Choice

Which of the following would be most likely to improve the standard of living of the residents of a less-developed country?

• A) The development of strong labor unions.
• B) A sharp increase in the legal minimum wage.
• C) An increase in expenditures on education and capital investment.
• D) Rapid growth rate of the money supply.

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Definitions:

Federal Trade Commission

A federal agency tasked with enforcing antitrust and consumer protection laws to ensure fair competition and prevent fraudulent business practices.

Horizontal Merger

A business consolidation that occurs between firms who operate in the same industry, often leading to a higher market concentration.

Wholesale Manufacturer

A business entity that produces goods in large quantities to be sold by retailers, typically at lower per-unit prices.

Justice Department

The United States federal executive department responsible for the enforcement of the law and administration of justice.