To improve living standards, policymakers should
A)impose restrictions on foreign competition.
B)formulate policies designed to increase productivity.
C)impose tougher immigration policies.
D)provide tax breaks for the middle class.

Question

Quizplus · Accepted Answer

Increasing productivity is a fundamental way to improve living standards as it leads to more goods and services being produced with the same amount of resources, thereby increasing economic output and potentially raising incomes and quality of life.

To Improve Living Standards, Policymakers Should