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Question
Which of the following best summarizes how investing in capital goods helps increase standard of living?(1 point)
Responses
Investing in capital goods helps businesses make a lot of money, which helps with economic growth.
Investing in capital goods helps businesses make a lot of money, which helps with economic growth.
Investments in capital goods can give people back time, energy, and revenue, which increase standard of living.
Investments in capital goods can give people back time, energy, and revenue, which increase standard of living.
Investing in capital goods gives cities the chance to expand public transportation, making it easier for people to travel.
Investing in capital goods gives cities the chance to expand public transportation, making it easier for people to travel.
Investing in capital goods gives people the opportunity to build their business, which makes them happy.
Investing in capital goods gives people the opportunity to build their business, which makes them happy.
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1 answer
The best response that summarizes how investing in capital goods helps increase standard of living is:
"Investments in capital goods can give people back time, energy, and revenue, which increase standard of living."
This option highlights the direct benefits that capital goods provide to individuals and society, ultimately leading to an improved standard of living.
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