Which of the following is most likely to raise the average material standard of living in the United States?
A)an increase in investment in new capital
B)a continuation of the economic problems experienced by China, with whom the United States competes in world markets
C)an increase in the minimum legal wage
D)a shortening of the average work week

Question

Quizplus · Accepted Answer

An increase in investment in new capital would lead to increased productivity and efficiency in production, which can lead to economic growth over time and an increase in material standards of living. Choices B, C, and D would not have a significant impact on the overall material standard of living in the United States.

Which of the Following Is Most Likely to Raise the Average