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Economic analysis indicates that

A. single-minded pursuit of money and wealth is the key to happiness.
B. wealthy people are happier than those with lots of friends, satisfying marriages, and strong religious convictions.
C. the desire for more wealth is limited to those who are interested only in their personal welfare.
D.no matter what our objectives in life, they are easier to achieve if we have more wealth. E.None of the above.

User Nwly
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1 Answer

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Final answer:

Economic analysis supports the idea that more wealth makes life objectives easier to achieve, although it does not necessarily mean it is the key to happiness. Personal freedom to make economic choices holds moral value and can affect one's happiness and quality of life. Option D.

Step-by-step explanation:

The student is asking which statement is supported by economic analysis about wealth and happiness. The answer, based on the provided reference materials, is D. no matter what our objectives in life, they are easier to achieve if we have more wealth. This does not suggest that wealth is the key to happiness, but rather that having wealth can make it simpler to reach various life goals.

Economic analysis has shown that while material prosperity predicts life evaluation, it's the psychosocial prosperity that predicts positive feelings. This means that money can help with achieving life's objectives, but it's the richness of personal relationships and satisfaction in life that often leads to happiness.

Additionally, the ability to make personal economic choices is an important aspect of personal freedom and has moral value. Whether it's choosing to spend money on oneself, or giving it to charity, having economic choices contributes to one's quality of life.

User Elmue
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