BA540 Managerial Economics
Skousen, M. (2013).Economic Logic. Fourth Edition. Regnery Publishing
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?