The only way that the family can consume more and enjoy a higher standard of living is to:

Question

Quizplus · Accepted Answer

The only way for the family to consume more and have a higher standard of living is to increase the amount each person produces. This can be achieved through education, training, and investment in capital goods that increase productivity. Decreasing the amount each person produces or increasing the number of people in the family may not necessarily lead to a higher standard of living as there may not be enough resources to support everyone.

The Only Way That the Family Can Consume More and Enjoy