Increasing productivity leads to:
A) higher prices.
B) improved standard of living.
C) lower wages.
D) smaller market shares.

Name: Increasing productivity leads to: A) higher prices. B) improved standard of living. C) lower wages. D) smaller market shares.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Increasing productivity means more goods and services can be produced with the same amount of resources, which generally leads to an improved standard of living by making more goods and services available to consumers.

Increasing Productivity Leads To