Which of the following does not contribute to an improved standard of living?
A) increases in the amount of available resources
B) better technology
C) higher prices for the necessities of life
D) improvements in the "rules of the game"
E) improvements in the quality of labor

Question

Quizplus · Accepted Answer

Higher prices for the necessities of life would actually decrease the standard of living as it would make it more difficult for individuals to obtain those necessities. The other options, increases in available resources, better technology, improvements in the "rules of the game", and improvements in the quality of labor, would all contribute to an improved standard of living.

Which of the Following Does Not Contribute to an Improved