Increasing productivity leads to:
A) Higher prices.
B) Increased standard of living.
C) Lower wages.
D) All of the above.

Question

Quizplus · Accepted Answer

Increasing productivity typically results in a higher standard of living due to increased efficiency and output. It may also result in lower prices over time, but it does not necessarily lead to higher prices. Lower wages are not a guaranteed outcome of increased productivity and can depend on a variety of factors such as competition, labor laws, and negotiation power.

Increasing Productivity Leads To