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improved income by changing farm and handiwork production to one dominated by manufactures. A. GDP per capita B. The Industrial Revolution C. The living standard D. Investment and inventions QUESTION 12 A successful economy will encourage higher standard of living by: A. decreasing taxes for the highest earners B. fostering conditions for economic growth C. using more labor than capital to produce goods and services D. increasing welfare payments to the poor.

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improved income by changing farm and handiwork production to one dominated by manufactures. A. GDP per capita B. The Industrial Revolution C. The living standard D. Investment and inventions QUESTION 12 A successful economy will encourage higher standard of living by: A. decreasing taxes for the highest earners B. fostering conditions for economic growth C. using more labor than capital to produce goods and services D. increasing welfare payments to the poor

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