WHICH INDICATOR DETERMINES THE LOWER LIMIT OF COSTS, I.E. THE L OWER LIMIT OF THE COST OF LIVING? a. standard wage b. living wage C. consumer basket d. minimum wage

The correct answer is:b. living wageThe living wage is an indicator that determines the lower limit of costs, i.e., the lower limit of the cost of living. It represents the minimum income necessary for a worker to meet their basic needs, including housing, food, healthcare, and other essential expenses. The living wage is often used as a benchmark to assess whether wages are sufficient to support a decent standard of living.