Constrained choice is relevant for households ?

Related Mcqs:

The idea that the demand for car workers stems from the demand for cars is ?

A. output demand B. indirect demand C. derived demand D. the value of the marginal product of auto workers....

The substitution effect of higher wages suggests that as the wage rate increases ?

A. leisure becomes less expensive and households buy more of it B. leisure becomes more expensive and households buy more of it C. leisure becomes more expensive and households buy less of it D. leisure becomes less expensive and households buy less of it....

A tax whose burden expressed as a percentage of income, falls as income increases is a ?

A. benefits received tax B. progressive tax C. regressive tax D. proportional tax...

In Pakistan the term the poverty trap is used to describe the fact that ?

A. poor people are excluded from most leisure and social activities B. the Pakistan benefit system makes being poor vary degrading C. if poor people earn more their benefits fall, making them no better off. D. in the Pakistan poor people are heavily taxed...

Supply of land in a given use ?

A. will be perfectly inelastic in the long run. but upward sloping in the short run B. is perfectly inelastic since there is a fixed amount of land C. is perfectly elastic since there is fixed amount of land D. will be upward sloping because as land becomes more valuable in once use, the amount … Supply of land in a given use ?Read More...