The Primary Determinant of a Country's Standard of Living Is

question 128

Multiple Choice

The primary determinant of a country's standard of living is

• A)the country's ability to prevail over foreign competition.
• B)the country's ability to produce goods and services.
• C)the total supply of money in the economy.
• D)the average age of the country's labor force.

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Definitions:

Childhood Mortality

refers to the death of infants and children under the age of five.

Social Value Creation

The process of generating benefits or improvements in society and the environment through business practices, beyond purely economic gains.

Social Entrepreneurship

The process of sourcing innovative solutions to social and environmental problems.

Venture Philanthropy Funding

A combination of financial assistance such as grants with a high level of engagement by the funder.