Which of the following refers to the level of wealth,comfort,material goods,and necessities available to a certain socioeconomic class in a certain geographical area?
A)Purchasing power
B)Balance of trade
C)Standard of living
D)Exchange rate

Question

Quizplus · Accepted Answer

Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographical area. Purchasing power refers to the amount of goods or services that can be bought with a certain amount of money. Balance of trade refers to the difference between a country's exports and imports, while exchange rate refers to the value of one currency in relation to another.

Which of the Following Refers to the Level of Wealth,comfort,material