To increase living standards, the most appropriate public policy measure is to:

Question

Quizplus · Accepted Answer

Encouraging workers to invest in education and training is the best choice as it helps them acquire the skills and knowledge needed to secure better-paying jobs and improve their living standards in the long run. Decreasing or increasing unemployment benefits may not necessarily address the root cause of low living standards, and requiring workers to belong to unions and setting high minimum wages could potentially lead to adverse effects such as increased unemployment or reduced business competitiveness.

To Increase Living Standards, the Most Appropriate Public Policy Measure