Which of the following results in a higher standard of living?

Question

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Higher levels of education lead to a more skilled and informed workforce, which in turn leads to higher productivity, innovation, and economic growth. This ultimately results in a higher standard of living for individuals in the society. Higher tax rates and inflation rates may have negative impacts on economic growth and individuals' purchasing power, while a decrease in trade exposure may lead to limited access to goods and services from other countries, potentially limiting economic growth and innovation.

Which of the Following Results in a Higher Standard of Living