Related to the Economics in Practice on page 36: The results of the survey conducted by Esther Duflo and Abhijit Banerjee found that in extremely poor societies
A) household choice plays no role in consumption decisions.
B) all consumption decisions are made by the government.
C) household choice even plays a role in non-food-related consumption decisions.
D) the only consumption decisions in which household choice plays a role is in the consumption of biological needs such as food.

Question

Quizplus · Accepted Answer

The survey conducted by Esther Duflo and Abhijit Banerjee revealed that even in extremely poor societies, household choice influences not just food-related consumption decisions but also those related to non-food items, indicating the importance of personal preference and decision-making across different aspects of consumption.

Related to the Economics in Practice on Page 36: the Results