_____ refers to the quality and quantity of goods available to a population.
A) Profit
B) Standard of living
C) Factors of production
D) Demographics

Question

Quizplus · Accepted Answer

Standard of living refers to the level of comfort, material goods, and wealth that is available to a particular population. This includes access to food, clothing, shelter, healthcare, education, and other essential goods and services that can contribute to an individual's well-being. Factors such as income, employment opportunities, and government policies can all influence the standard of living in a particular area. Profit, factors of production, and demographics may all be related to aspects of the economy, but they do not directly describe the availability and quality of goods to a population.

_____ Refers to the Quality and Quantity of Goods Available