Even though household have wide-ranging preferences, discuss some ...

[tiffannnnyyyyyy]

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

[nyrave]

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]

Gracias!

[Animal_Goddess]

Thanks for the timely response, appreciate it