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

Question

Quizplus · Accepted Answer

Encouraging workers to become more educated and have the necessary tools and technology increases human capital which leads to increased productivity and higher living standards in the long run. Accelerating the conversion of natural forests to farmland destroys valuable natural resources and may harm the environment. Making unemployment benefits more generous may discourage people from actively seeking employment. Requiring all workers to belong to unions and setting high minimum wages may lead to job losses and decrease competitiveness of industries.

To Increase Living Standards, the Most Appropriate Public Policy Measure