This topic contains a solution. Click here to go to the answer

Author Question: Even though household have wide-ranging preferences, discuss some of the things that all households ... (Read 99 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Even though household have wide-ranging preferences, discuss some of the things that all households have in common including their constraints.
 
  What will be an ideal response?

Question 2

One way that government can encourage the production of goods or services that have external benefits is to subsidize the good or service.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

All households have limited income and all must pay in some way for the things they consume. They are also constrained by the availability of jobs, current wages, their own abilities, and their accumulated and inherited wealth.

Answer to Question 2

TRUE




tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

For a complete list of videos, visit our video library