Which of the following does not contribute to an improved standard of living?
a. Increases in the amount and quality of available resources
b. Better technology
c. Higher prices for the necessities of life
d. Improvements in the "rules of the game"
e. Increases in the quality of labor
c
Economics
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The United States can use all of its resources to produce 50 computers or 4,000 shoes. Suppose that at world market prices, one computer exchanges for 100 shoes. Explain how the United States can gain from trade
What will be an ideal response?
Economics
Financial innovations occur because of financial institutions search for
A) profits. B) fame. C) stability. D) recognition.
Economics