All of the following are factors that determine whether a country's economy can provide a high standard of living for its residents and whether that standard of living can increase over time EXCEPT
A) the ability of the country's businesses to accumulate capital.
B) the ability of the country's businesses to adopt the latest technology.
C) the ability of the country's government to provide a legal framework that protects property rights and enforces contracts.
D) the ability of the country's government to print money in response to high levels of inflation.

Question

Quizplus · Accepted Answer

The ability of a country's government to print money in response to high levels of inflation cannot determine whether a country's economy can provide a high standard of living for its residents and whether that standard of living can increase over time. In fact, printing money can lead to high levels of inflation, which would decrease the purchasing power of individuals and decrease their standard of living. A, B, and C are factors that can positively impact a country's economic growth and standard of living.

All of the Following Are Factors That Determine Whether a Country's