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October 22, 2020
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October 22, 2020
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Standard of Living vs. Quality of Life, economics homework help

Problem 11 in the “Problems to Ponder” at the end of chapter 1 asks:  Is one’s standard of living the same as one’s quality of life?  

Can a person be materially well-off (high standard of living), but unhappy (low quality of life)?  

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