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QUESTION
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)?
Do you agree or disagree? Can you give an example?
(this is a discussion question, only 150 words)