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Economics
MEDIUM
ENGLISH
Economics
Constrained choice is relevant for households ?
A
making spending decision but not labour-supply decision.
Option A
making both spending and labour-supply decisions
Correct answer
C
considered to be ‘poor’ but not for those who are considered to be ‘rich’
Option C
D
making labour-supply decisions but not spending decisions.
Option D
Correct answer: B
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