Asked by lol
Question
Which of the following will likely lead to an increase in the standard of living for American consumers?(1 point)
Responses
working longer hours than the rest of the world
working longer hours than the rest of the world
pursuing more difficult jobs than residents of other countries
pursuing more difficult jobs than residents of other countries
increasing consumption of goods and services
increasing consumption of goods and services
discovering an inexpensive way to make steel
Which of the following will likely lead to an increase in the standard of living for American consumers?(1 point)
Responses
working longer hours than the rest of the world
working longer hours than the rest of the world
pursuing more difficult jobs than residents of other countries
pursuing more difficult jobs than residents of other countries
increasing consumption of goods and services
increasing consumption of goods and services
discovering an inexpensive way to make steel
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The option that will likely lead to an increase in the standard of living for American consumers is:
**discovering an inexpensive way to make steel.**
This innovation would reduce production costs, potentially lower prices for goods that use steel, and could lead to increased economic growth and job creation, thereby improving overall living standards.
**discovering an inexpensive way to make steel.**
This innovation would reduce production costs, potentially lower prices for goods that use steel, and could lead to increased economic growth and job creation, thereby improving overall living standards.
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