Improvements in a country's standard of living are brought about in the long run by
A) technological progress.
B) growth in the population.
C) constructing more machines and buildings.
D) immigration policy.

Question

Quizplus · Accepted Answer

Technological progress leads to increased productivity and efficiency, which can lead to higher wages and a higher standard of living for individuals. Additionally, technological progress can lead to the development of new goods and services that can improve quality of life. Growth in the population, constructing more machines and buildings, and immigration policy may all have some impact on a country's standard of living, but technological progress is likely to have the most significant and sustainable impact.

Improvements in a Country's Standard of Living Are Brought About