Which of the Following Measures Can Give Some Indication of the Quality

question 105

Multiple Choice

Which of the following measures can give some indication of the quality of life in an economy?

• A) Child mortality
• B) Literacy rates
• C) Life expectancy
• D) All of these help to assess quality of life.

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Definitions:

Adoption

The act of beginning to use, implement, or support something new, such as a technology, idea, or product.

Supply And Demand

Fundamental economic model that explains how the price and quantity of goods and services are determined in a market based on their availability and consumers' desire for them.

Social Exchange Theory

explores how human relationships are formed and maintained based on the exchange of resources, including tangible goods and intangible services, and the perceived costs and benefits of these exchanges.

Trend Analysis

The practice of collecting and analyzing data to identify patterns, changes, and potential future movements in a specific market or field of interest.