Q
Constrained choice is relevant for households ?
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A
A. Making spending decision but not labour-supply decision.
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B
B. Making both spending and labour-supply decisions
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C
C. Considered to be βpoorβ but not for those who are considered to be βrichβ
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D
D. Making labour-supply decisions but not spending decisions.
Correct Answer:
B. B. Making both spending and labour-supply decisions