Which of the following does not contribute to an improved standard of living?
A)Increases in the amount and quality of available resources
B)Better technology
C)Higher prices for the necessities of life
D)Improvements in the "rules of the game"
E)Increases in the quality of labor

Question

Quizplus · Accepted Answer

Higher prices for necessities of life do not contribute to an improved standard of living as it reduces the purchasing power of people, making it harder for them to afford basic needs. The other options listed contribute positively towards an improved standard of living by increasing the availability and quality of resources, improving technology, improving the rules and regulations in the society, and upgrading the quality of labor.

Which of the Following Does Not Contribute to an Improved