Read these lines: "The standard of living of any country is measured by the output of goods and services people can buy with the money they have. Although several countries, such as Switzerland and Germany, have higher average wages than the United States, their standards of living aren't higher, because prices are so much higher. As a result, the same amount of money buys less in those countries." Which statement best sums up the main point of the quoted lines?

1. The quoted lines define standard of living by what people can buy with their money, not by wages on their own. 2. The Switzerland and Germany example shows higher wages cancelled out by higher prices, so the same money buys less. 3. That makes the buying power point the main idea, and the example only supports it. 4. The option about Switzerland and Germany having the highest standards reverses what the quoted lines actually say about those countries. 5. The quoted lines never recommend raising wages, and they say those other countries have the higher wages, not the United States. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.1 The Nature of Business_