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In order to promote growth in living standards, policymakers must

a. rise taxes to increase government revenue.
b. protect property rights and maintain political stability .
c. minimize accumulation of factors of production.
d. promote bureaucracy .

1 answer

The correct answer is:

b. protect property rights and maintain political stability.

Protecting property rights and maintaining political stability are crucial for promoting economic growth and improving living standards, as they create an environment conducive to investment, innovation, and sustainable economic activity.

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