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Question #47870

Constrained choice is relevant for households ?

Options:

A) making spending decision but not labour-supply decision.

B) making both spending and labour-supply decisions

C) considered to be ‘poor’ but not for those who are considered to be ‘rich’

D) making labour-supply decisions but not spending decisions.

Answer: Constrained choice is relevant for households making both spending and labour-supply decisions.

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