Which One of the Following Is a Higher Standard of Living

question 41

Multiple Choice

Which one of the following is a higher standard of living due to technology?

• A) people are better fed
• B) people enjoy more health and comfort
• C) life expectancy has increased
• D) all of the above

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Definitions:

Loss

A situation in which expenses exceed revenues, leading to a negative financial outcome for a business or individual.

Cars

Motor vehicles with four wheels designed for transporting people on roads, ranging from compact models to larger family-sized versions.

Opportunity Costs

The financial sacrifice made by not selecting the alternative that ranks immediately lower when faced with a decision.

Cars

Wheeled motor vehicles used for transportation, typically powered by an internal combustion engine or electric motors.