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Author Question: Which of the following factors is notone of the determinants of a household's budget constraint? (Read 36 times)

ghost!

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Question 1

Which of the following causes an increase in labor supply?


◦ when wages and the price level increase proportionately
◦ a decrease in income tax rates
◦ a decrease in the general price level
◦ a decrease in transfer payments

Question 2

Which of the following factors is 
not one of the determinants of a household's budget constraint?


◦ consumer's preferences
◦ income
◦ wealth
◦ prices


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Marked as best answer by ghost! on Apr 19, 2019

dominiqueenicolee

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